Tanzania’s energy regulator has raised maximum retail prices on fuel. This comes after a hike in international crude oil and refined product prices, a move expected to exert upward pressure on inflation.
The Energy and Water Utilities Regulatory Authority (EWURA) raised the retail price of petrol by 4.49 per cent and the price of diesel by 1.95 per cent.
Maximum kerosene prices were raised 1.84 per cent in the latest monthly price caps, which are to take effect immediately. “To a large extent, increases in wholesale and retail local petroleum products prices have been caused by the continued increase of petroleum products prices in the world market,” EWURA said.
The regulator increased the price of petrol in the commercial capital Dar es Salaam by 80 shillings ($0.0366) a litre to 1,865 shillings, and the price of diesel in the capital by 31 shillings to 1,633 shillings. Kerosene prices in the commercial capital rose 29 shillings to 1,607 shillings per litre.
Fuel prices have a big effect on the inflation rate in the East African country, which slowed to 5.1 per cent year-on-year in April from 5.4 per cent the previous month.
