Ministry Adjusts Fuel Prices

May 11 , 2019


[ssba-buttons]

The Ministry of Trade & Industry adjusted retail fuel prices upward effective May 8, 2019. Following the adjustment, the price for a litre of benzene went up to 21.53 Br from 20.19 Br, while blended fuel, a mixture of benzene and ethanol, increased to 21.19 Br from 19.89 Br. The Price of diesel was also adjusted to 18.75 Br from 18.03 Br and the price of kerosene increased to 18.75 Br from 18.03 Br. Similarly, the price for a litre of light black diesel increased to 16 Br from 15.66 Br, hard black diesel to 16.24 Br from 15.15 Br and aeroplane fuel to 25.9 Br from 20.62 Br.


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...