Jan 25 , 2025
The Ministry of Trade & Regional Integration reported that 325,000 litres of fuel were removed from the market following government action to address issues in fuel distribution and marketing, including the removal of 250 tankers during the procedure. In its six-month performance report to Parliament, the Ministry also pointed to cement prices which it claimed have halved. The Ministry addressed issues in the cement market by repealing a problematic directive and implementing a new policy, resulting in a 50pc price decrease from 2,200 Br to 1,100 Br per quintal. The Ministry took the action upon the entering of market of Lemi National Cement with a production capacity of 150,000 quintals per day. Minister Kassahun Goffe (PhD) also noted that the online business registration and licensing service of MoTRI provided services to over two million users, surpassing the target by 102pc. He further noted the completion of the "Quality Village" project towards improving product quality control and standards as his Ministry's successes during the period.
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