TANZANIA RAISES RETAIL FUEL RATES ON OIL PRICE GAINS
anzania’s energy regulator raised maximum retail prices of fuel late Thursday, reflecting recent gains in
Tanzania’s energy regulator raised maximum retail prices of fuel late Thursday, reflecting recent gains in international crude oil and refined product prices.
Fuel prices have a huge impact on the east African country’s inflation rate, which remained unchanged at 4.0 percent year-on-year in January.
The Energy and Water Utilities Regulatory Authority (EWURA) raised the retail price of petrol by 2.7 percent and diesel by 2.3 percent.
Kerosene prices have been raised by 1.17 percent with immediate effect.
“The increase in local prices of petroleum products is mainly due to an increase in world oil market prices,” EWURA said.
The regulator hiked petrol rates in the commercial capital, Dar es Salaam, by 59 shillings ($0.0262) a litre to 2,226 shillings, and diesel rates by 46 shillings to 2,065 shillings.
Kerosene prices in the commercial capital climbed 24 shillings to 2,055 shillings per litre