RELIEF AS FUEL PRICES GO DOWN

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Car refueling on a petrol station

AfricaPress-Tanzania: FUEL consumers might be smiling all the way to petrol stations during this year-end festival season after the Energy and Water Utilities Regulatory Authority (EWURA) announced reduction in fuel prices.

In its statement, the authority said the new indicative prices for petroleum products in Tanzania mainland are effective from today, noting that retail and wholesale prices of petroleum products imported through the Dar es Salaam Port have reduced compared to prices of last month.

During this month, prices for a litre of petrol, diesel and kerosene have decreased by 37/-, equivalent to 1.97 per cent, 47/-, equivalent to 2.71 per cent, and 86/- or 5.05 per cent, respectively.

Likewise, compared to the last month, wholesale prices for a litre of petrol, diesel and kerosene have decreased by 37.36/- (2.11 per cent), 46.81/- (2.92 per cent) and 86.02/- (5.44 per cent), respectively.

Elaborating, the EWURA further noted that there are notable changes in retail and wholesale prices of the petroleum products for this month in the Northern regions of Tanga, Kilimanjaro, Arusha and Manyara.

Compared to prices in November, retailers in these regions would now be buying a litre of petrol and diesel at lower prices as they decreased by 107/- (5.60 per cent) and 27/- (1.59 per cent), respectively.

Similarly, compared to the publication of last month, wholesale prices of Petrol and Diesel have decreased by 106.40/- (5.99 per cent) and 27.28/- (1.71 per cent) per litre, respectively.

“Kerosene prices shall continue to be the same as those that were published on 4th November 2020, because there was no new consignment of the product that was received through Tanga port in the month of November 2020,” the authority stated.

For the month of December 2020, retail and wholesale prices of petroleum products for Southern regions of Mtwara, Lindi and Ruvuma have also changed compared to prices published last November 2020.

In these regions retail prices of a litre of Petrol and Diesel have decreased by 70 (3.65 per cent) and 4/- (0.25 per cent), respectively.

Similarly, compared to the publication of last month, wholesale prices of a litre of petrol and diesel have decreased by 69.38/- (3.91 percent) and 4.32/- (0.27 percent), respectively.

Changes in local prices are mainly attributed to changes in the world oil market prices and BPS premiums, it described.

“EWURA would like to remind the public that these cap prices can be accessed through mobile phones by dialling *152*00# and following the provided instructions. This service is free of charge and is available in all mobile phone service providers in the country,” the authority stated.

In line with the prevailing sector legislation (Petroleum Act, 2015, section 166), prices of petroleum products are governed by rules of demand and supply.

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