Fuel prices have declined further in Tanzania as the government tries to control the high cost of living. In the latest review, fuel prices declined marginally by 5%.
The government attributed the decline to changes of price quotations at a global market, coupled with costs of transport and the value of the Tanzanian shilling compared to the US dollar in the international market.
Tanzania’s Energy and Water Utility Authority (EWURA) issued a notice on Wednesday saying that the retail price for a litre of petrol and diesel has been lowered by Tsh190 (US$ 0.081) and by Tsh142 (US$ 0.060) for kerosene.
“oil companies doing business in the country are now free to sell oil products at a competitive price rates but not beyond the recommended indicative price quotations introduced at zonal level in the country”. EWURA Director General Modestus Lumato
According to the report by EWURA, retail prices of petrol and diesel fetched in northern regions (Tanga, Kilimanjaro, Arusha, and Manyara) for February 2023 will continue to be the same as those that were published in January this year.
This is due to the fact that there were no new consignments of petroleum products that were received through Tanga port by the end of January.
The new fuel pump prices have remained stable with a slight fluctuation since Tanzania’s President Samia Suluhu Hassan directed her Cabinet in May 2022 to find “an alternative immediate solution” to rising fuel prices.
However, there is still a simmering public outcry over the high cost of living that has been exacerbated by a lack of fuel due to the ongoing war in Ukraine.