Tanzania lowers fuel prices

DAR ES SALAAM: Motorists in Tanzania can expect relief at the fuel pump this month as both wholesale and retail prices of petrol and diesel witness a significant reduction.

A public notice published on Wednesday by the Energy and Water Utilities Regulatory Authority (EWURA), the retail prices of petrol and diesel imported through the Dar es Salaam port will see a drop of 74/- and 148/- per litre, respectively.

According to EWURA the retail price of kerosene imported through the same port is expected to increase by 57/- per litre compared to the prices published on December 6, 2023.

EWURA attributes the decrease in prices of petroleum products in January 2024 is mainly due to the fall in the world oil prices (FOB) by an average of 6.03 per cent for Premium Motor Spirit (PMS) and 7.13 per cent for Automotive Gas Oil (AGO).

The decrease is further influenced by a decline in premiums for the importation of petroleum products for Dar es Salaam port by an average of 3.72 per cent for PMS and 17.52 per cent for AGO and for Mtwara port, by an average of 22.71 per cent for PMS and 22.12 per cent for AGO.

Starting this month, a litre of petrol in Dar es Salaam will be priced at 3,084/-, while diesel will be available for 3,078/- per litre. Kerosene, however, will see a slight increase, with a new price of 3,510/- per litre.

EWURA reminds to retailers and wholesalers to strictly adhere to the displayed prices, emphasizing that legal action will be taken against those failing to comply with the instructions

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