Tanzania Drops Fuel Prices by Ksh5 Ahead of Kenya’s Review
Starting from midnight today, Tanzanians will experience another decrease in fuel prices, occurring just two months after the previous reduction in November of the prior year.
According to a statement released to the press, the Energy and Water Utilities Regulatory Authority of Tanzania credited the decrease in prices to the decline in global oil prices.
“The decrease in prices of petroleum products in January 2024 is mainly due to the fall in the world oil prices (FOB) by an average of 6.03% for PMS and 7.13% for AGO,” The press release by the Energy and Water Utilities Regulatory Authority in Tanzania read in part.
In Dar Es Salaam, the price of petrol will be Ksh193.52 (Tsh3,084) per liter, while diesel will be sold at Ksh193.14 (Tsh3,078) per liter, and Kerosene at Ksh218.56 (Tsh3,510).
According to media reports in Tanga, the updated costs will be Ksh192.26 (Tsh3,064) for petrol, Ksh200.76 (Tsh3,219) for diesel, and Ksh223.14 (Tsh3,556) for kerosene.
In Mtwara, petrol will be sold at Ksh200.86 (Tsh3,201), diesel at Ksh216.86 (Tsh3,456), and kerosene at Ksh224.77 (Tsh3,582).
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The officials cautioned service stations that are considering selling fuel at prices different from those publicly announced, stating that they would face legal consequences if they do so.
As per the press statement, the drop in prices was also driven by reduced premiums for importing petroleum products at the ports of Mtwara and Dar es Salaam.
While Tanzania embraces the updated prices, Kenyans will need to tolerate the existing fuel prices until January 14, 2024.
Individuals in Kenya will still be charged Ksh212.36 for petrol, Ksh201.47 for diesel, and Ksh199.05 for kerosene per liter.
Last month, following prolonged public concern among Kenyans about the high cost of living, these price adjustments occurred, including a reduction of Ksh5 for petrol, Ksh2 for diesel, and Ksh4.01 for kerosene.
Chief Executive Officers (CEOs), as indicated in a Central Bank Of Kenya (CBK) survey, foresee potential price increases due to the weakening Shilling, despite the decrease in global fuel expenses.
Tanzania Drops Fuel Prices by Ksh5 Ahead of Kenya’s Review