(Notícia em Inglês)
In response to skyrocketing oil price at the global market, the Ethiopian government on Friday unveiled that it will increases the volume of Ethanol content in gasoline to 10% as of March 15.
Since 2009, the country has been provided a 5% ethanol and 95% benzene blended (technically known as E5) for the market in which a Sudanese owned oil company, Nile Petrol, was a sole agent that was carrying out the blending process and distributing for all local oil station.
But now the Ministry of Water and Energy (MoWE) declared that Oil Libya is awarded the task of blending the 10% ethanol-Benzene blend.
According to the Ministry of Water and Energy, the country has a plan to top up an ethanol blended oil to the local market to reach E25 (a 25% ethanol content blended in Benzene and biodiesel).
The State Minister of MoWE, Wondimu Tekle, said that the consumption of oil that is imported to the country is increasing with the booming of economy in the country.
According to him, Ethiopia spends more than 8.6 billion Birr every year to import fuel oil with hard currency.
“We want to increase the ethanol content from E5 to E10 to help lower the foreign exchange we spend on oil. This is also important measurement to stabilize the market by reducing the burden of the entire consumers,” he said.
In response to skyrocketing oil price at the global market, the Ethiopian government on Friday unveiled that it will increases the volume of Ethanol content in gasoline to 10% as of March 15.
Since 2009, the country has been provided a 5% ethanol and 95% benzene blended (technically known as E5) for the market in which a Sudanese owned oil company, Nile Petrol, was a sole agent that was carrying out the blending process and distributing for all local oil station.
But now the Ministry of Water and Energy (MoWE) declared that Oil Libya is awarded the task of blending the 10% ethanol-Benzene blend.
According to the Ministry of Water and Energy, the country has a plan to top up an ethanol blended oil to the local market to reach E25 (a 25% ethanol content blended in Benzene and biodiesel).
The State Minister of MoWE, Wondimu Tekle, said that the consumption of oil that is imported to the country is increasing with the booming of economy in the country.
According to him, Ethiopia spends more than 8.6 billion Birr every year to import fuel oil with hard currency.
“We want to increase the ethanol content from E5 to E10 to help lower the foreign exchange we spend on oil. This is also important measurement to stabilize the market by reducing the burden of the entire consumers,” he said.