Tanzania’s energy regulator lowered maximum retail prices for petrol and diesel on Saturday but raised the limit for sales of kerosene in order to reflect changes in global energy costs.
Fuel costs are the second-biggest driver of inflation after food in the East African country, where consumer prices rose 6.3 percent in the 12 months through October — outpacing the government’s medium-term target for 5.0 percent.
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In its regular monthly fuel-price adjustment, the Energy and Water Utilities Regulatory Authority (EWURA) lowered the benchmark retail price of petrol by 1.38 percent to 1,977 shillings ($0.92) per litre.
The ceiling for diesel prices was also cut by 2.96 percent to 1,823 shillings per litre, a statement said.
However, EWURA raised the maximum retail price of kerosene by 1.85 percent to 1,765 shillings per litre in the monthly price caps, which take immediate effect and last for one month.
Kerosene is widely used for heating and lighting in Tanzania, which depends on imports to meet its fuel needs.
Source; The Citizen Tanzania
