Effective today retail prices for petrol
in Dar es Salaam will be sold at 1,890/- per litre up from 1,860/-
while prices for diesel will be 1,798/- per litre from 1,720/-. Kerosene
prices have also gone up to 1,737/- per litre from 1,663/-, the energy
regulator announced yesterday.
To a large extent, the continued
increases in the local market prices have been caused by the increase of
prices of petroleum products in the world market, Ewura said in a
public notice. The authority said retail prices for petrol have gone up
by 29/- per litre or 1.59 per cent, diesel by 78/- per litre or by 4.53
per cent and kerosene by 68/- per litre or 4.8 per cent.
Wholesale prices for petrol by 29/- per
litre or 1.68 per cent, while diesel and kerosene have also increased by
78/- per litre or 4.84 per cent and 68/- per litre or 4.36 per cent
respectively.
Fuel dominate import bill in Tanzania
and its prices have a big impact on the inflation rate, which remained
at 4.5 per cent year-on-year in October, unchanged from September,
according to the National Bureau of Statistics (NBS).
Tanzania as a net importer of fuel has
benefitted from a large fall in the global price of oil since mid-2014
as it led to reduced fuel pump prices which meant more disposable income
for consumers and reduced costs for producers.
Fuel prices are set rise after the
Organisation of the Petroleum Exporting Countries (OPEC) - a group of
some of the biggest oil producers in the world - agreed a deal to cut
production last week.
OPEC agreed to cut production by about
1.2 million barrels per day or about 4.5 per cent of current production,
to 32.5 million barrels per day. Analysts broadly expect an agreement
to boost oil prices above $50 a barrel and keep them there. Prices have
wavered between about $40 and $54 before the deal was agreed.
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