Motorists across the country will breathe a sigh of relief this month following a drop in petrol prices announced by the Energy and Water Utilities Regulatory Authority (EWURA).
This follows a 65bn/-subsidy issued by the Government to tame pump prices this month as part of efforts to tame rising inflationary pressure.
According to new cap prices issued by EWURA on Monday that are effective today, the fuel prices in the local market have decreased a range between 271/- per litre and 362/-per litre for petrol and by TZS 430/- per litre for kerosene compared with fuel prices for August 2022.
For the case of diesel, except for diesel in Tanga whose price decreased by 13/- per litre, the September 2022 prices increased by 37/- per litre and 86/- per litre for Dar es Salaam and Mtwara, respectively, compared to prices announced last month.
“To continue reducing the effect of increasing fuel prices to the country whereby most of the economic activities depend on diesel and also reducing a gap between petrol and diesel prices, the Government has issued a subsidy of 65bn/- billion for the September 2022 fuel prices,” the statement said.
The energy regulator said that oil and marketing companies are free to sell their products at a price that gives them a competitive advantage provided that, such price does not exceed the new issued price caps.
“All petrol stations are required to publish petroleum product prices on clearly visible boards. The price boards should clearly show prices charged, discounts offered as well as any trade incentives or promotions on offer and consumers are encouraged to purchase from stations that sell products at the most competitive prices and offer better services,” the statement read.