Economy
Over 600 Individuals Face Legal Action in Fuel Theft Crackdown
The Reporter (Amharic) · 2 weeks ago · Read the Full Story on The Reporter (Amharic)
AI SUMMARY
The Petroleum and Energy Authority announced that over 600 individuals and 350 gas stations faced legal action for illegal fuel trading during the fiscal year.
- The Petroleum and Energy Authority took legal action against 688 individuals and over 350 gas stations for illegal fuel trading.
- Eight companies received three-month suspensions, while three gas stations were suspended for up to six months for selling fuel above government-mandated prices.
- Five fuel tanker trucks were suspended for six months for fuel adulteration and unauthorized route diversion.
- A GPS-based tracking system developed with Ethio Telecom was implemented to monitor the movements of 5,715 fuel tankers.
- The authority recorded sales of 4,223,806 metric tons of fuel, achieving 94 percent of its 4,502,334 metric ton target.
- Financial assessments of power purchase agreements with neighboring countries and data mining firms generated $331 million in foreign currency.
- Permits for five new private electric vehicle charging stations were issued, raising the total number of private stations in the country to 31.
- Out of 422 certified electrical contractors, 17 faced administrative actions for failing to comply with professional obligations.
- Energy audits of 35 high-energy-consuming industries identified potential savings of 164,586 liters of fuel and 5.16 gigawatt-hours of electricity.
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