Tanzania, East Africa | THE BLACK EXAMINER | Tanzania is contemplating a review of its fuel import system to address the issue of price fluctuations leading to increased pump prices. Energy regulatory authorities are currently assessing the effectiveness of the existing bulk oil importation through tendering to maintain stability in monthly capped prices influenced by global fuel markets.
The Energy and Water Utilities Regulatory Authority (Ewura) has suggested that the Bulk Procurement System (BPS), used for importing petroleum products, might undergo restructuring if officials find it to be inefficient. Ewura Director General James Andilile mentioned that an initial assessment of the oil market has been conducted to ensure the participation of many local oil marketing companies in fuel importation and to review the entire price planning system.
“We have carried out changes in the regulations to encourage more companies to enter into the bidding process,” said Mr. Andilile. He added, “We have regulated the pricing formula subject to the regulator’s procedures on monthly tariff to control fuel hoarding.”
Last week, Ewura implemented a reduction in fuel prices for November. The capped price for petrol in Dar es Salaam is set at Tsh3,274 ($1.3) per litre, Tsh3,320 ($1.32) in Tanga, and Tsh3,347 ($1.33) in Mtwara, as reported by The EastAfrican.
Diesel will be sold at Tsh3,374 ($1.3) in Dar es Salaam, Tsh3,510 ($1.4) in Tanga, and Tsh3,546 ($1.41) in Mtwara, while kerosene prices have been pegged at Tsh3,423 ($1.36) in Dar es Salaam, Tsh3,469 ($1.38) in Tanga, and Tsh3,495 ($1.4) in Mtwara.
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