September 13, 2024

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Ethiopia Faces Fuel Shortage Due to Djibouti Storage Breakdown

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A recent problem of fuel shortage has emerged in Ethiopia. This problem is caused by the breakdown of the Horizon fuel storage in Djibouti, where Ethiopia gets its fuel from.

Because of this breakdown, there is now a fuel shortage in many cities of Ethiopia outside of Addis Ababa. Some areas have even run out of fuel very quickly.

The deputy head of the Oil and Energy Authority raised concerns that gas stations may be hiding fuel because they think fuel prices will go up soon. To prevent this, the authorities are working closely with regional trade offices and other important groups to closely watch the situation.

Moreover, the Ethiopian Ministry of Trade and Regional Integration announced the new fuel prices for the month of September, and there is no change in prices from the last month.

Despite these concerns, the deputy head said the only issue is the delay because of the breakdown of the storage facility in Djibouti. He said there is no overall problem with the fuel supply itself.

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