• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Tanzania cuts fuel prices on stronger shilling

Jan 02 2013 16:23
Reuters
Dar es salaam - Tanzania lowered the cap on the prices of petrol, diesel and kerosene on Wednesday, citing a stronger local currency and lower world market prices for a move seen easing inflationary pressures.

With immediate effect, petrol prices fall 5.96% to 1 993 shillings ($1.26) in the commercial capital Dar es Salaam, while diesel dips 1.6% to 1 967 shillings, the Energy and Water Utilities Regulatory Authority (EWURA) said.  

The cost of Kerosene declines 2.5% to 1 973 shillings a litre.

"These changes of petroleum products prices have been attributed to a decrease of prices in the world market and a slight appreciation of Tanzanian shilling," EWURA said in a statement.

Tanzania's year-on-year inflation rate fell for the eleventh straight month in November to 12.1% from 12.9% in October, due largely to a slower rise in food prices. Food and energy prices are the main drivers of consumer prices in Tanzania.

EWURA said it had also lowered wholesale prices of petrol by 6.17% and for diesel by 1.69%, while kerosene prices were cut by 2.6% ($1 = 1585.0000 Tanzanian shillings).

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

economy

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...