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Wednesday, September 3, 2014

Tanzania raises petrol price, cuts diesel, kerosene










DAR ES SALAAM (Reuters) - Tanzania's energy regulator raised the price of petrol marginally in the east African country on Wednesday but cut diesel and kerosene prices, citing swings in international energy prices.

The Energy and Water Utilities Regulatory Authority (EWURA) raised the retail price of petrol 0.05 percent and lowered the price of diesel 0.69 percent.

Kerosene prices were cut 0.79 percent in the latest price caps, which take immediate effect. 

Fuel prices are the second-biggest driver of inflation in Tanzania after food.

"To a large extent, these changes have been caused by changes in prices of petroleum products in the world market," EWURA said in a statement.

EWURA raised the price of petrol in the commercial capital Dar es Salaam by 1 shilling to 2,267 Tanzanian shillings ($1.4) per litre while lowering that of diesel by 15 shillings to 2,091 shillings per litre.

Kerosene prices in the commercial capital fell 16 shillings to 2,040 shillings per litre.


(1 US dollar = 1,659.0000 Tanzanian shilling)

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