The Energy and Water Utilities Regulatory Authority (EWURA) issued the current monthly cap prices for petroleum products last week, which represented a rise as the country’s new Finance Act modifications took effect.
Retail petrol prices increased by 6.94%, diesel prices increased by 6.87%, and kerosene prices increased by 8.38% compared to June. Wholesale petrol prices increased by 7.34%, diesel prices increased by 7.3%, and kerosene prices increased by 8.94%.
In a statement, the Authority said: “Apart from changes in Fuel Levy and Petroleum Fee, changes in local prices are also due to changes in the world oil market prices and BPS premiums.”
Due to depleting inventories at the Tanga and Mtwara port storage facilities, EWURA recommended fuel station operators in the northern and southern regions to get kerosene from Dar es Salaam, forcing further upward price modifications of that particular product due to transportation costs.
The latest hike is the largest in four months, reflecting a Tsh100 ($0.043) increase in the Fuel Levy per litre of fuel and diesel, as well as a Tsh100 increase in the Petroleum Fee per litre of kerosene, as stipulated in the new legislation.
In January of this year, retail prices in Dar es salaam were Tsh1,834 ($0.79) for petrol, Tsh1,695 ($0.73) for diesel, and Tsh1,650 ($0.71) for kerosene, the last time fuel prices in Tanzania fell.
NEW PRICES FOR PUMPS
Due to healthy shipment stockpiles at its port, Dar es Salaam pricing is lower than the rest of the country, compared to the Tanga and Mtwara ports.
Petrol is presently Tsh2,275.9 ($0.98), diesel is Tsh2,086 ($0.899), and kerosene is Tsh1,992.51 ($0.859) in the commercial capital. The retail price of petrol has increased from Tsh2,249 ($0.97) to Tsh2,405 ($1.037), diesel has increased from Tsh2,073 ($.0894) to Tsh2,215 ($0.955), and kerosene has increased from Tsh1,957 ($0.844) to Tsh2,121 ($0.915).
Prices in the northern and southern districts, which are served by the Tanga and Mtwara ports, respectively, increased marginally, but prices in Dar-served regions, including the administrative capital Dodoma, also increased as the distance from the coast increased.