May 28, 2022

Mawazo Writing Africa

Writing about the main

Tanzania President holds Cabinet meeting over high fuel prices

Tanzania’s President Samia Suluhu Hassan has instructed her cabinet to find “an immediate solution” to rising fuel prices.

The President called an emergency meeting on Sunday evening over the record prices announced by last week of the Regulatory Authority for Energy and Water Utilities (Ewura).

The new prices, which went into effect on Wednesday 4 May, represented a 9.5% increase for petrol and 17.1% for diesel, after rising 12% and 12% in April.

Kerosene rose 16% in May versus a 21% increase in April.

Read:Fuel Prices Hit New Highs in Tanzania

Ewura attributed the price changes to rising prices in world markets, affecting about 93% of retail prices and “about 4% of premiums”.

The Cabinet Night Meeting In the commercial center Dar es Salaam, Premiermini took part ster Kassim Majaliwa, the Ministers of Energy and Finance and the Financial Authority of Tanzania part of the Commissioner General of the Authority, among others.

Last week the Prime Minister held a similar meeting with energy and finance ministers and top officials from Ewura, Tanzania Petroleum Development Corporation and Petroleum Bulk Procurement Agency.

Rising fuel prices hurt households as costs of basic goods and services soar.

Read:East Africa stands before a crisis as the cost of fuel and goods increases