capital Newspaper
Ministry of Trade and Industry (MoTI) is set to change the arrangement of petroleum sales for the oil companies onto cash bases.
At the current situation, Ethiopian Petroleum Supply Enterprise (EPSE) supplies the product on one month credit for the oil distributing companies.
However, it has been a challenge for the sole petroleum supplier public enterprise with regards to its cash flow and some of the distributors continue to delay their installment which ought to be paid on time.
According to the information Capital obtained, the government has decided to change the distribution arrangement for different reasons. The new approach has been also discussed with oil companies a week ago, and is set to take effect in the second quarter of 2021.