Fuel free fall lowers pump price 9.6%

Fuel prices across Tanzania have dropped. Photo: Daniel Hayduk

No need to fight: fuel prices across Tanzania have  dropped again. Savings would have been greater, had the Shilling not weakened. Photo: Daniel Hayduk

In reaction to global market rates, fuel prices were lowered 9.6 percent by the Energy and Water Regulatory Authority (Ewura) yesterday.

Petrol prices for Dar es Salaam dropped by 187 Shillings per litre to 1768 Shillings per litre, diesel by 139 Shillings per litre to 1708 Shillings per litre and kerosene by 177 Shillings to a price of 1657 Shillings per litre.

Global market prices have taken several months to trickle down to local pumps, as Tanzania’s refined fuel is ordered monthly, explains Ewura Director Felix Ngamlagosi.

“The drop in the retail and wholesale local prices has been caused by a continued trend of falling world oil market prices.”

Fuel at the pumps is now based on December 2014 rates, and woudl have been even cheaper — had the Shilling not weakened 6 percent.

“The drop in the local market prices would have been higher, had the local currency stabilized,” says Ngamlagosi in Ewura’s monthly public notice.

Since September 2014, fuel prices have dropped 22 percent for petrol, 18 percent for diesel and 19 percent for kerosene.

In January global crude oil costs dipped below $50 dollars US per barrel — down from over $100 earlier in 2014.

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