The Government of Tanzania has announced a TSh100 million fuel subsidy, seeking to reduce fuel prices in the country with effect from 1st June 2022.
According to the country’s Minister of Energy, January Makamba, the fuel subsidy will reduce government spending for the remainder of 2021/22 fiscal year. However, it would not affect the ongoing development projects.
“The TSh100 billion subsidy will take effect from June 1, 2022. This is due to the fact that wholesalers have already paid for the fuel costs included in the May 2022 prices and petrol stations have already purchased fuel at the current price,” said Makamba.
Fuel prices in Tanzania have crossed the TSh3, 000 mark across all three products (petrol, diesel, and Kerosene) in Dar es Salaam, Tanga and Mtwara, according to the latest price list released by the Energy and Water Utilities Regulatory Authority (EWURA).
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