TZ Hikes Fuel Prices by Ksh27 Post EPRA Benchmark
Drawing inspiration from neighboring countries, the Tanzanian Energy and Water Utilities Regulatory Authority (EWURA) has significantly raised the costs of petroleum commodities by as much as Ksh27 per liter.
In a statement released on Thursday, August 3, EWURA Director General James Mwainyekule clarified that the increase in fuel costs was a result of both a scarcity of Dollars and insufficient petroleum supplies, resulting in reduced capacity for imports.
“Changes in prices of petroleum products in August 2023 are mainly due to challenges in the availability of US Dollars and changes in the fuel levy, prices of petroleum products in the world market, and premiums in the importation of petroleum products,” EWURA stated.
Gasoline is set to be sold at Tsh3,199 (Ksh.186.46) per liter, up from its previous price of Tsh2,736 (Ksh.159).
Diesel prices also rose to Tsh2,935 (equivalent to Ksh.171) per liter from Tsh2,544 (equivalent to Ksh.148), whereas Kerosene witnessed a minor decline from Tsh2,829 (about Ksh164.89) to Tsh2,668 (about Ksh.155) per liter.
Consequently, Tanzanian media sources covered a significant public backlash and outcry against the government after a 17% rise in fuel costs. This occurred despite the government’s previous assurance to citizens about the stability of the Dollar.
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Just a few days after a delegation of Tanzanian officials visited Kenya’s Energy and Petroleum Regulatory Authority (EPRA) to learn about the fuel-marking program, the government led by President Samia Suluhu announced on Thursday, August 3rd.
While confirming the Tanzanian authorities’ visit, the leaders of EPRA clarified that their counterparts gained valuable insights that will assist them in enhancing their energy industry.
“We are delighted to share with the Tanzanian Bureau of Standard (TBS). EPRA is currently hosting a delegation from the Tanzanian Bureau of Standard (TBS) at our headquarters in Upperhill, Nairobi,” EPRA stated.
Nevertheless, Kenya maintains its position as having the highest fuel costs in the area, where a single liter of gasoline is sold at Ksh194.68, and Diesel is priced at Ksh179.67 per liter.
However, kerosene now sells for Ksh169.48 per liter, down from its previous price of Ksh173.44.
“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum prices in Nairobi are as follows: Super Petrol and Kerosene decrease by Ksh0.85 and Ksh3.96 per liter respectively while Diesel remains unchanged,” read the statement in part.
“EPRA has calculated the maximum retail prices of petroleum products which will be in force from July 15, 2023, to August 14, 2023, by Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022,” the statement by EPRA read in parts.
TZ Hikes Fuel Prices by Ksh27 Post EPRA Benchmark
