Tanzania raises petrol, diesel prices, cuts kerosene




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DAR ES SALAAM– Tanzania’ energy regulator raised the maximum retail prices of and diesel on Wednesday but cut the price of kerosene, citing swings international energy prices and a weakening local currency.

Fuel prices have a big effect on and the local currency Tanzania, which relies on imports for transport and generation.

The Energy and Utilities Regulatory Authority (EWURA) raised the retail price of 6.32 percent and diesel by 1.37 percent.

Kerosene prices were cut 1.86 percent the latest monthly price caps, which take immediate effect.

“These changes have been caused by changes of prices of petroleum in the world and the depreciation of the Tanzanian shilling against the U.. dollar,” EWURA said in a .

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EWURA raised the price of in the commercial capital Dar es Salaam by 111 shillings to 1,866 shillings ($0.9439) per litre and that of diesel by 23 shillings to 1,695 shillings per litre.

Kerosene prices in the commercial capital fell 31 shillings to 1,624 shillings per litre.

The Tanzanian shilling has fallen a string of record lows against the dollar in recent weeks.

($1 = 1,977.0000 Tanzanian shillings)

*(Reuters)*