Retails prices for petrol, diesel and kerosene have been reduced by 3.43 per cent, 3.50 per cent and 4.88 per cent respectively, the Energy and Water Utilities Regulatory Authority (EWURA), announced yesterday.
Likewise, wholesale prices for petrol,
diesel and kerosene have decreased by 3.63 per cent, 3.72 per cent and
5.20 per cent respectively.
A statement issued in Dar es Salaam by
the EWURA Director General, Mr Felix Ngamlagosi, cited the slight
decrease in world market prices for fuel as well as the decrease in
freight and premium charges as the main contributing factors.
The retail and wholesale prices are
applicable effective today in all Tanzania Mainland regions, except
Tanga. Retail and wholesale prices of petrol and diesel for Tanga Region
have increased compared with prices in the publication of August 3.
Retail prices for petrol and diesel have
increased by 2.64 per cent and 1.03 per cent respectively. Likewise,
wholesale prices for petrol and diesel have increased by 2.8 per cent
and 1.1 per cent respectively.
According to the DG, the slight
increases of both petrol and diesel prices in Tanga have mainly been
contributed by receipt of new products (petrol and diesel) in August
2016, which was to be received in July 2016.
Another reason is late arrival of the
ship, which was expected to discharge such fuel products in Tanga within
August 2016 but instead shifted to September 2016. “These cap prices
can be accessed through mobile phones by dialling *152*00# and then
follow provided instructions.
This service is free of charge and is
available at all mobile phone service providers in the country,” the
EWURA statement said. In line with the prevailing sector legislation
(Petroleum Act, 2015, Section 166), prices of petroleum products are
governed by rules of demand and supply.
The regulator affirmed in the statement
that it will continue to encourage competition in the sector by making
available pricing information for petroleum products, including price
caps.
Such information on prices is intended
to enable stakeholders to make informed decisions on petroleum prices at
any particular time. It further read that the Oil Marketing Companies
(OMCs) were free to sell their products at a price that gives them a
competitive advantage, provided that such price does not exceed the
price cap for the relevant product as was computed using the approved
formula - which was gazetted through the Government Notice No. 70
published on February 12, 2016.
EWURA insisted that all petrol stations
should publish petroleum product prices on clearly visible boards and
price boards should be clearly visible and should clearly show prices
charged, discounts offered as well as any trade incentives or promotions
on offer. “Consumers are advised to purchase from stations that sell
products at the most competitive prices.
It is an offence not to have prices
published on boards located in clearly visible places in front of petrol
stations and it will attract punitive measures from EWURA,” the
statement read in part.
According to the statement, retailers
must issue receipts with respect to all sales that they make and
consumers are required to demand and keep receipts that clearly show the
name of petrol station, date on which such purchase was made as well as
the type of fuel and price per litre for every purchase they make.
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