By ROSE ATHUMANI, 25th September 2011 @ 11:33, Total Comments: 0, Hits: 902
THE Energy and Water Utilities Regulatory Authority (EWURA) has announced new cap prices for petroleum products showing an increase of about 2.58 per cent effective on Monday.
A statement issued by the authority and signed by Eng Mutaekulwa Mutegeki for the director general, attributes the increase to rise in oil prices in the world market and the depreciation of the local currency which has gone down by 0.55 per cent.
The retail indicative price of petrol is now up by 70.12bn/- or 3.5 per cent, while diesel is up by 44.88/- or 2.38 per cent. Kerosene will now sell at 33/02 or 1.77 per cent.
EWURA notes that the prices would have been higher under the old pricing formula.The price of petrol effective on Monday is 2,101/67, while under the old formula, would have been 2,291/55. Diesel is now selling at 1,999/05 against 2,184/26 under the old formula and kerosene stands at 1,966.66 against 2,152/- under the old formula.
In Arusha, the indicative price for petrol is now at 2,186/-, diesel 2,083/- and kerosene is at 2,051/-. In Kigoma, petrol will be selling at 2,333/-, diesel at 2,230/- and kerosene at 2,198/- while in Moshi Petrol will be selling at 2,175/-, diesel 2,073/- and Kerosene at 2,040/-.
In Musoma, petrol will be selling at 2, 280/-, diesel 2,177/- and kerosene 2,145/-. In Mbeya petrol is now selling at 2, 209/-, diesel 2, 106/- and kerosene at 2,074. In Mtwara petrol is now selling at 2,174/-, diesel 2, 071/- and kerosene 2,039/-.
This is the second edition of prices that have been calculated in accordance with the new pricing formula, which became effective on August 3. Mr Mutegeki said prices were being computed by EWURA on the basis of world market levels during the previous month. The statement noted that in line with the prevailing sector legislation, prices of petroleum products are governed by rules of supply and demand.
"EWURA will continue to encourage competition in the sector by making available petroleum products pricing information including price cap," the statement read in part. The Authority noted that oil marketing companies were free to sell their products at a price that gives them competitive advantage, provided such prices do not exceed the price cap for the relevant product.
Petrol stations have been urged to put public petroleum product prices clearly on boards, visible to consumers, adding that it is an offence not to have the prices published on the boards at the filling stations.
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