ZURA announces new fuel prices in Zanzibar for June

ZANZIBAR: THE Zanzibar Utilities Regulatory Authority (ZURA) has announced new fuel prices that will take effect from this month, with petrol and diesel both set to retail at Sh3,890 per litre.

According to a statement issued by the authority on Monday evening, the price of petrol has increased from Sh3,820 to Sh3,890 per litre, while diesel has risen from Sh3,850 to Sh3,890 per litre.

ZURA said the revised prices were determined following its regular review of fuel costs and other relevant factors affecting the importation and supply of petroleum products.

The authority noted that despite the continued rise in fuel procurement and importation costs in the global market, the government has maintained fuel subsidies aimed at protecting price stability and reducing the impact on consumers.

“Despite the high cost of purchasing and importing fuel from the world market, the Government has continued to provide subsidies for petrol and diesel with the aim of protecting price stability and reducing the impact on the public,” the statement said.

ZURA urged fuel dealers and the public to take note of the new prices, which become effective on Tuesday.

The authority also called on fuel retailers to comply with the approved prices and continue adhering to regulations governing the sale and distribution of petroleum products in Zanzibar.

ZURA reviews fuel prices periodically in line with changes in international market conditions and the costs associated with importing and supplying petroleum products to the islands.