Tanzania's energy regulator cuts petrol price, raises diesel - CNBC Africa

Tanzania's energy regulator cuts petrol price, raises diesel

East Africa

by Reuters 0

Tanzania's energy regulator cuts petrol price, raises diesel. PHOTO: Wikipedia

Tanzania's energy regulatory body lowered the maximum retail prices of petrol and raised those of diesel, but left kerosene prices unchanged in its latest monthly review, citing swings in international oil prices and currency fluctuations.

Fuel prices in the east African nation have a big impact on the annual inflation rate, which edged up to 6.3 percent in the year to October from 6.1 percent in September.

The Energy and Water Utilities Regulatory Authority (EWURA) said it had lowered the petrol price by 3.91 percent and increased the price of diesel by 2.78 percent. Kerosene prices remained unchanged from the previous review in September.

"These changes have been caused by changes of prices of petroleum products in the world market and movement of the exchange rate of the United States dollar to the Tanzania shilling," EWURA said in a statement.

"There were no imports of Kerosene during the month of October 2015, as such prices for this product remain as were."

The regulator cut the maximum price of petrol in the commercial capital Dar es Salaam by 82 shillings per litre to 2,004 shillings, while that of diesel was raised by 51 shillings to 1,879 shillings.

Kerosene prices in Dar es Salaam remained flat at 1,733 shillings per litre. The new price caps take immediate effect.