Tanzania government put a hold on fuel prices, which were set to be in effect on September 1st, and appointed a team to look into what’s causing the fuel prices hikes.
Acting Director of the Energy and Water Regulatory Authority (Ewura), Godfrey Chibulunje. Stated in Parliament yesterday, September 1, 2021, that Ewura announces new fuel prices every first Wednesday of the month.
He stated that they released new fuel prices list that came into effect on Wednesday, September 1.
However, he said that as the price has risen and will continue to rise.
The government has decided to take action to suspend the new prices and the August price caps will continue to apply.
Furthermore, Chibulunje stated that the government has organized a special team to investigate by looking at the indicators that are causing price increases, and that after they have completed their investigation, they would issue specific instructions.
According to him, the team includes the Ministry of Finance and Planning, the Ministry of Energy, the Ministry of Minerals, the Tanzania Revenue Authority (TRA), Ewura, and other institutions involved in similar projects.
However, the team had not been given a particular deadline or instructions on how to execute the task, He added.
“The idea is to figure out what’s causing the fuel prices increase. There are numerous reasons that could be the source of the problem.
Since April, fuel costs have risen for the third time this year.
Why are fuel prices rising?
Titus Kaguo, the authority’s Public Relations and Communications Manager. Told reporters at a news conference on Tuesday, August 31, 2021. That the fuel prices increase is due to changes in the global market.
According to the most recent data, the price of petrol at the Dar es Salaam port had risen by Sh84. Diesel by Sh29, and kerosene by Sh18.
Consumers in Dar es Salaam would now pay Sh2,511 for a litre of gasoline, Sh2,291 for diesel, and Sh2,194 for kerosene as a result of the rise.
“Petrol had increased by Sh53, diesel by Sh14, and kerosine had remained steady at the Tanga port. Petrol prices increased by Sh108 and diesel rates increased by Sh46 at the Mtwara port “Kaguo said.