The five petroleum supplying companies currently active in Ethiopia requested the revision of the profit margin on petroleum products they distribute. Executives of National Oil Company Plc (NOC), Shell Ethiopia Limited, Total Ethiopia SC, Kobil Ethiopia and Yetebaberut Beherawi Petroleum (YBP) also requested a price adjustment on lubricant prices.
These companies were instructed by the Ministry of Mines and Energy (MoME) early this month to sign an agreement with the Sudanese Nile Petroleum and supply blended fuel processed at the company's depots in Sululta, 25Km from Addis in the Oromia Regional State.
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