Tanzania: Ewura Fuel Price Solution Sought in Bulk Imports
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Thursday, 26 June 2008 |
Tanzania is reviewing regulations for the import of bulk petroleum
products in an attempt to cushion effects of rising fuel prices.
When the review is completed, the Energy and Water Utilities Regulatory
Authority (Ewura) will allow companies to import the bulk petroleum
products towards the end of this year. The process will be
done through tender.
Rising fuel prices have triggered massive commodity price rises in
Tanzania. The inflation rates have been higher than levels targeted by
the Government. Ewura hopes that bulk oil imports will
limit the tendency of local wholesale suppliers of adjusting
retail fuel prices in relation to changing global prices.
Ewura principal communications and public relations officer Titus Kaguo
told local media in Dar es Salaam this week that the facility of bulk
oil imports was a significant way the authority could do to stabilise
fuel
prices because Ewura was not allowed to peg prices.
However, Ewura would keep consumers informed on fuel price trends
domestically and globally by publishing indicative import parity prices
(IIPPs) which show current oil prices rates, transportation costs, the
amount of taxes and levies charged per litre, dealers' margins and
actual pump prices.
Although market forces determine prices of petroleum products,
publishing such prices assist consumers to make decisions on prices
when buying fuel.
The latest IIPP indicated that a litre of petrol was sold for Sh1821
while that of diesel was Sh1942 in the first two weeks of the this
month in Dar es Salaam.
PetrolWorld 240608
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