6 July 2014

Tanzania Fuel Prices Go Up

Dar es Salaam — The country's energy and water watchdog, EWURA, last week announced new indicative prices for fuel meaning slight increases for petrol and kerosene prices.

However the indicative price for diesel has fallen by Tsh 1.0, an equivalent of 0.07%.

Announcing the retail and wholesale prices, the EWURA Director General, Felix Ngamlagosi said the prices for petrol and kerosene have increased by Tsh17 ($0.01) per litre or 0.75% and Tsh14 ($0.01) or 0.68% per litre respectively.

"Compared with the last publication, wholesale prices for petrol and kerosene have increased by Tsh16.67 ($0.01) per litre equivalent to 0.79% and Tsh13.82 ($0.01) or0.71% respectively and for diesel the wholesale price has dropped by Tsh1.41 per litre ($0.0)," he said.

Ngamlagosi announced in Dar es Salaam that the price changes effective from July 02 last week have been caused by changes of prices of petroleum products in the world market.

He also highlighted the depreciation of Tanzania shilling against the US dollar.

He said Ewura will continue to encourage competition in the sector by making available petroleum products pricing information including price caps.

"This information intends to enable stakeholders to make informed decisions for non-petroleum prices at any particular time," the Director General said.

He told oil marketing companies that they were free to sell their products at a competitive price as long as the prices follow the Authority's price caps as indicated in the formula. This has been issued in the government gazette number 432 of November 29th 2013.

Ngamlagosi suggested all filling stations or fuel retailers to issue receipts in respect to all the sales that they make.

He also advised customers to demand and keep receipts that clearly show the name of a petrol station, date on which such purchase was made as well as the type of fuel and price per litre for every purchase they make.

"This can be used as an exhibit in case of a complaint lodged in the event that the selling price is above the cap price or in case the products sold are off the approved specifications," Ngamlagosi said.

He reminded all petrol stations operators to publish petroleum products prices on easily visible boards which should clearly show prices charged, discounts offered as well as any trade incentives or promotions on offer.

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