Shilling dip triggers rise in local retail fuel prices

The rising oil prices at the world market coupled with a slight weakening of the shilling against the dollar have triggered rise in fuel pump prices at the local market, according to energy regulator.

The Energy and Water Utilities Regulatory Authority (Ewura) monthly report showed that the retail fuel price has on average increased by 9.67 per cent, forcing customers to dig deeper into their pockets to keep their vehicles on the road.

The per litre cap price increase, according to the report, now stands in the order of Sh153 (7.67 per cent) for petrol, Sh119 (6.01 per cent) for diesel, and Sh104 (5.35 per cent) for kerosene.The regulator said in the report that the shilling had depreciated by 0.13 per cent compared to the month of February.

This would mean, indicative prices for Dar es Salaam are now Sh2,144 up from Sh1,991 for petrol, Sh2,095 up from Sh1,977 for diesel and Sh2,056 up from Sh1,951 for kerosene.

Wholesale indicative prices for petrol, diesel and kerosene would increase by Sh152.70, Sh118.77 and Sh104 per litre respectively.

Retail prices for upcountry regions would now range from Sh2,148 to Sh2375 for petrol, Sh2,100 to Sh2,327 for diesel and Sh2,060 to Sh2,287 for kerosene.According to the law, Ewura currently sets cap prices against which oil marketing companies set their prices depending on competition in their respective areas of operation.
Source: The Citizen,www.thecitizen.co.tz, reported by Sturmius Mtweve


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