Tanzania regulator raises petrol, diesel prices


DAR ES SALAAM, March 2 (Reuters) - Tanzania's energy regulator increased petrol and diesel prices on Thursday, citing rising crude and refined petroleum product prices globally and a weaker local currency.
Fuel prices have a big effect on inflation in east Africa's second-biggest economy, which rose to 5.2 percent year-on-year in January from 5.0 percent the previous month.

The Energy and Water Utilities Regulatory Authority (EWURA) raised the retail price of petrol by 5.18 percent and the price of diesel by 2.76 percent. The increases take immediate effect and last for one month.

"These increases in local pump prices have been caused largely by increases of world oil market prices, increases of bulk procurement system premiums and continued depreciation of the Tanzania shilling against the U.S. dollar, the currency used to procure petroleum products," EWURA said.
The regulator increased the price of petrol in the commercial capital Dar es Salaam by 102 shillings a litre to 2,060 shillings ($0.92), and the price of diesel in the capital by 51 shillings to 1,913 shillings.

Maximum kerosene prices remained unchanged because there were no new consignments of the product imported in February. ($1 = 2,230.0000 Tanzanian shillings) (Reporting by Fumbuka Ng'wanakilala)

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