FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

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

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

How to Avoid a Debt Crisis in Sub-Saharan Africa

The average debt ratio in sub-Saharan Africa has almost doubled in just a decade - fr...

Bridging Compact Paves the Way for Developing Countries Facing a Financial Abyss

Low-income countries are in the throes of a liquidity crunch that is not only undermi...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Ethiopia's Precarious Promise for Prosperity

Sep 30 , 2023

The recent gathering by the leadership - and the rank and file - of the Prosperity Pa...

Seeking Solvency for a Battered Economy in a Sea of Uncertainty

Sep 23 , 2023

Ethiopia's contemporary political leaders and the policy wonks under their command ha...

Where Fiscal Prudence Meets Unbridled Optimism in a High-Stake Debt Saga

Sep 16 , 2023

The Ethiopian economic narrative oscillates between pockets of resilience and signifi...

Conflict, Contraction, the Yearning for a New Dawn

Sep 10 , 2023

Earlier this Ethiopian fiscal year, the heralding of a peace deal became synonymous w...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Unyielding Love in Life's Shadows

In a world where resilience and love are often tried and tested, Salem Getachew's (MD) luminous spirit stands as a testament to the enduring...

Crack in the Dam: Where Healing Begins

I spent most of my last week with the family of my former colleague who passed away recently. Underst...

Life Matters

Blurred Lines of Online Presence

It is fascinating to witness the power of technology in bridging the gap between individuals. However, I can not help but wonder if the surg...

Bait and Switch Strategy

Heading to an unfamiliar destination recently, I ordered service from one of the taxi-hailing companies. I had a chance to discuss several a...

Back
WhatsApp
Telegram
Email