Authorities Clamp Down on Fuel Stations

Jul 4 , 2022

A gas station in Addis Abeba.

Officials at the Petroleum & Energy Authority have ordered gas stations to pay the difference in fuel stock they hold when prices change later this week.

Officials are to conduct inventory at all gas stations and fuel depots the day before prices are adjusted and instruct stations to pay the price difference to the Ethiopian Petroleum Supply Enterprise. They allege illicit activities are behind their decision, claiming that hoarding is the cause for long queues at pumping stations over the past week.

The federal government plans to lift fuel subsidies beginning this week progressively. Drivers will bear the entire burden of global fuel prices by next July.

Put your comments here

Share This Post

Facebook

Twitter

Google+

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Authorities Clamp Down on Fuel Stations

Put your comments here

Related Posts

Most read

Latest News

Editor's pick

Commentaries

The World Cannot Afford to Ignore the Poorest Countries

Overcoming the Development-Project Implementation Gap

Fineline

Leaders of the National . . .

When the country’s most. . .

Editorial

Governor Mamo Tests Transparency. Will It Pass a Test of Time?

Policy Espresso Demands a Strong Brew to Transform Negative Dynamic

Blundered CBE Plunders Privacy Naming, Blaming and Shaming for a Glitch's Recovery

Central Bank Tries Monetary Gymnastic Dodging Pitfalls, with the IMF as Its Reluctant Coach

Gallery

Parliament Approves New Cabinet Members

Sunday With Eden

Hunger's Grip on Mothers, Children of Addis Abeba

Silencing Inner Critic: One Size Does Not Fit All

Life Matters

Untapped Potential of Online Commerce

Modern Kids Call for Matching Parents

Drop us a message

COVID UPDATE

Authorities Clamp Down on Fuel Stations

Put your comments here

The World Cannot Afford to Ignore the Poorest Countries

Overcoming the Development-Project Implementation Gap

Leaders of the National . . .

When the country’s most. . .

Governor Mamo Tests Transparency. Will It Pass a Test of Time?

Policy Espresso Demands a Strong Brew to Transform Negative Dynamic

Blundered CBE Plunders Privacy Naming, Blaming and Shaming for a Glitch's Recovery

Central Bank Tries Monetary Gymnastic Dodging Pitfalls, with the IMF as Its Reluctant Coach

Parliament Approves New Cabinet Members

Hunger's Grip on Mothers, Children of Addis Abeba

Silencing Inner Critic: One Size Does Not Fit All

Untapped Potential of Online Commerce

Modern Kids Call for Matching Parents

Drop us a message

COVID UPDATE

Recommend Links;