M a r k e t N e w s

Tanzania: Diesel, Kerosene Prices Lowered, Petrol Price Slightly Up

Posted on : Monday , 9th January 2017

The Energy and Water Utilities Regulatory Authority (EWURA) has lowered cap prices for diesel and kerosene and slightly increased petrol prices for January in line with changes in prices of petroleum products in the world market.

 
The energy regulator announced yesterday that retail prices for diesel and kerosene have decreased by 66/- per litre or 3.68 per cent and 37/- per litre or 2.11 per cent respectively to provide huge relief to the transport industry and domestic users.
 
The price for petrol price has slightly increased by ten cents per litre or 0.01 per cent. Similarly compared to the last month publications, wholesale prices for diesel and kerosene have decreased by 66/- per litre or 3.91 per cent and 37/- per litre or 2.25 per cent respectively, while petrol price has increased by per cent per litre or 0.01 per cent, the authority said. Road transport is the most widely used form of transport in Tanzania, carrying over 90 per cent of the passengers and 75 per cent of the freight traffic in the country.
 
Huge percentage of the nation's freight is moved by machines -- whether trucks, trains or ships -- that rely on diesel. There will be no prices change for petroleum products in Tanga Region as there was no new consignment of petroleum products received in Tanga port last month. Hence Tanga prices for the month of January 2017 will remain the same as it was in December 2016, Ewura said.
 
Fuel dominate import bill in Tanzania and its prices have a big impact on the inflation rate, which rose to 4.8 per cent in November up from 4.5 per cent year-on-year in October, according to the National Bureau of Statistics.
 
Tanzania as a net importer of fuel has benefitted from a large fall in the global price of oil since mid-2014 as it led to reduced fuel pump prices which meant more disposable income for consumers and reduced costs for producers.
 
Fuel prices are set to rise after the Organization of the Petroleum Exporting Countries (OPEC)- a group of some of the biggest oil producers in the world - agreed a deal to cut production late last year. OPEC agreed to cut production by about 1.2 million barrels per day, or about 4.5 percent of current production, to 32.5 million barrels per day.

Source : allafrica.com
Featured Companies
  • Bajaj Auto
  • Tire Group International, LLC.
  • /
  • TITAN Containers A/S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  •  Global Air Freight Solutions For Oil & Gas Shipments
  • Hevt Duty Machinery
  • GLOBE GAS specialises in Multi Cylinder installation, Pipeline Installation, LPG Tank (Bulk) Installation, Designing Kitchen Layout etc.
  • A world leading name in Heat Transfer Technology
  •  The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  •  K & S Financial Group is the link between the end buyer and a reputable Russian refinery.
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  •  Portwest is a global vertical company with over 100 years of experience in the design, manufacture and supply of protective clothing, safety footwear, specialist gloves and PPE to resellers and distributors at the most competitive prices.
  •  Magazine for Africa
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Specialty and Custom Chemicals Exhibition
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Multi feedstock batch processing biodiesel equipment
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
  •  Ugur Seluloz Kimya A.S. is a leading Sodium Carboxymethyl Cellulose & Polyanionic Cellulose manufacturer, located in Turkey.
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Fuel Metering System
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Aygaz is the only fully integrated LPG company in Turkey, operating in all LPG processes, including production, procurement, storage and filling
  • We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade