Dar Es Salaam — The government will not cut taxes on fuel as there are alternative ways of curbing the spiralling inflation, Bank of Tanzania Governor Benno Ndulu says.Prof Ndulu rejected a suggestion put forward recently by Shadow Finance minister Zitto Kabwe.He was also reacting to the National Bureau of Statistics (NBS) report that the year-on-year inflation rate rose for the sixth straight month to 8.6 per cent in April from eight per cent in March.
Economists have expressed fears that rising food and fuel prices, coupled with the chronic electricity shortages, will this year push the inflation rate to the double-digit levels last seen in 2009.
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