Fuel Archives - Ethio Negari

01 Apr

Ethiopia Suspends Fuel Subsidies from April

ethionegari@gmail.com0 CommentsBusiness, Environment, NewsAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, Fuel, Fuelsubsidies

Ethiopia, which entirely relies on imports for its fuel needs, has been subsidizing fuel to prevent transportation costs from escalating. Last year, the Ministry of Transport announced its decision to gradually diminish and eventually halt fuel subsidies due to heightened government expenditures and financial constraints. The suspension of fuel subsidies for companies not engaged in public transportation services began a year ago. Now, it has been declared that vehicles providing public transportation will also no longer receive fuel subsidies. The Fuel and Energy Authority has specified that minibuses, which have been benefiting from fuel subsidies since 2023, will cease to…

Ethiopia Enforces Complete Ban on Fuel-Powered Vehicle Imports

ethionegari@gmail.com0 CommentsBusiness, Environment, NewsAddisAbaba, Carmarketethiopia, EthioNegari, Ethiopia, Ethiopianews, EV, Fuel

After months of deliberation, the Ethiopian government has taken decisive action by implementing a ban on the importation of private service vehicles that rely on fuel. Companies involved in importing vehicles from various countries into Ethiopia have been notified that they are no longer permitted to import fuel-run vehicles as of last week. This directive extends to vehicles sourced from the Middle East, Europe, and South Africa, a decision that has left importers grappling with significant losses and challenges. Reports from affected parties indicate a sense of frustration and financial strain resulting from the abrupt enforcement of the ban. Many…

Ethiopia to Ban Entry of Fuel-Powered Vehicles

ethionegari@gmail.com0 CommentsBusiness, Environment, News, TechnologyAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, EV, Fuel, Vehicles

The Minister of Transport and Logistics has submitted his six-month report to the House of Representatives, outlining plans to fully implement a ban on the entry of fuel-powered vehicles into the country. Minister Alemu Sime stated that the ban on importing fuel-powered vehicles for personal or other purposes will be strictly enforced. This decision is viewed as a strategic response to concerns about climate change and the escalating costs associated with traditional fuel consumption. Rising fuel prices have prompted policymakers to reevaluate the nation's dependence on conventional vehicles and seek ways to reduce carbon emissions. The ban aims to mitigate…