Tanzania’s Energy and Water Utilities Regulatory Authority (Ewura) has cut fuel prices in response to a slowdown in global oil prices.
In its newly published statement, Ewura says a liter of petrol will now be sold at a price that is cheaper by TSh441, while diesel will fetch TSh197 less than what it used to cost during the preceding month.
The new price for a litre of petrol in Dar es Salaam is TSh2,969, while diesel will fetch TSh3,125.
“The oil prices in the world market in July 2022 decreased compared to prices for June 2022. Hence, the fuel prices in the local market decreased as well at a range between TSh271/litre and TSh362/litre for petrol and by TSh430/litre for kerosene compared with the subsidized prices of August 2022,” Ewura says in its statement.
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In its effort to continue reducing the effect of increasing fuel prices to the country, the government of Tanzania has issued a subsidy of TSh65 billion for the September 2022 fuel prices
Fuel prices rose to their highest levels in Tanzania last month when a liter of petrol in Dar es Salaam reached TSh3,410 up from TSh3,220 , whereas a litre of diesel went for TSh3,322 from 3,143 the preceding month.
SOURCE: The Kenay wall street
