Wednesday, July 17, 2024

Tag: Fuel

Government to introduce price discrimination in oil sector

The federal government is set to introduce price discrimination in the oil sector in the coming six months, a measure that will see the lifting of fuel subsidy for some vehicles with little importance for the public.

Petroleum enterprise seeks fund for new fuel depot

The Ethiopian Petroleum Supply Enterprise (EPSE) is looking for funds for the construction of a new national fuel depot.

Fuel demand falls as COVID-19 slows down economic activities

The demand for petroleum products has declined significantly as the COVID-19 pandemic slows down economic activities in the country.

Total pledges to invest USD 100 mln

The longest-serving fuel and lubricants marketing company in Ethiopia, Total Ethiopia SC, has pledged to invest USD 100 million in Ethiopia if the government makes adjustments on the profit margin of fuel distribution prices.

New authority to regulate petroleum, its business

The House of People’s Representatives (HPR) has approved a draft legislation for the establishment of Petroleum and Petroleum Products Supply and Distribution Regulatory Authority. First tabled before the House in April this year, entitled, ‘a Proclamation to provide for the Establishment of Petroleum and Petroleum Products Supply and Distribution Regulatory Authority, was referred to the Trade and Industry Affairs Standing Committee for further revision.

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