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Dar es Salaam – Tanzanians will have to dig deeper into their pockets after fuel prices have gone up.
The new prices announced yesterday a week after the government rejected an appeal by MPs demand a levy of 50 shillings on each liter of petroleum products, the profits being paid to the fund for development of water ( WDF).
End of Budget Debate of 32.5 Billion Shillings for 2018/19 in Parliament Last Week Finance and Planning Minister Philip Mpango said the government had concluded that the adoption of this proposal would have devastating consequences for the country's economic stability plans
. According to Dr. Mpango, rising taxes on oil would result in "second-round effects".
These are the reactions of market participants to specific prior increases / decreases. in the prices of individual goods or services. In this particular case, "second-round effects" refer to an increase in the prices of products that are manufactured using oil as an input.
According to Dr. Mpango, petroleum products are already heavily taxed, with up to 19 types of
The Energy Regulatory Authority and Water (Ewura) released yesterday its price caps for petroleum products, respectively increasing the retail prices of gasoline and diesel of Sh126 and Sh166 per liter.
"The increase is largely attributable to continued increases in world market prices, so local price increases in July 2018 are due to consecutive increases in world oil market prices in April 2018 and May 2018. ", said Ewura on his website. 19659010] Prices of petroleum products in Tanzania have been relatively stable for almost two years.
In August 2015, prices for gasoline and diesel reached 2 290 shillings and 2 026 shillings per liter, respectively, in Dar es Salaam. In 1965, consumers in Dar es Salaam would pay Sh2,409 and Sh2,329 per liter of gasoline and diesel, respectively. 19659013] Consumers in Ukerewe District in the Mwanza, Bukoba and Kyerwa areas of Kagera region and Kigoma region will pay prices in excess of 2,600 shillings. In Ukerewe, the retail price of gasoline is capped at 2,618 shillings per liter, while in Kyerwa, the price is capped at 2,646 shillings
Similarly, the price in the region of Kigoma is generally above 2,600 shillings, Uvinza district pays the highest prices: 2,652 shillings and 2,573 shillings per liter of gasoline and diesel, respectively
Consumers say that Increases are a major setback for their profit margins. How can we get enough money to make ends meet? "Asked Mr. Felix Makoye, a suburban driver whose bus takes the Tabata-Segerea-Makumbusho line to Dar es Salaam
A taxi driver from Bajaj to Mwenge, Mr. Hassan Abdallah, stated he was going to transfer the burden to his customers. 19659018] var FBIsLoaded = false;
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