The government of Tanzania has suspended the new fuel price that came into effect on Wednesday September 1, and a team has been formed to investigate the cause of rising prices.
The Acting Director of the Energy and Water Regulatory Authority (Ewura), Godfrey Chibulunje, speaking in Parliament on Wednesday said new fuel prices are announced every first Wednesday of the month by Ewura.
He said that prices caps for August will continue to apply while the special team appointed by the government will investigate and look at the indicators that are causing prices to rise. The team has however not been given a specific time and instructions on how they will do their job, he added.
The team has involved the Ministry of Finance and Planning, the Ministry of Energy, Ministry of Minerals, the Tanzania Revenue Authority (TRA), Ewura and other institutions that appear to be doing similar work, he said.
“The goal is to indicate what has caused the rise in prices. There are many things that are possible.”
He said they would look into what they had accomplished and recommend what to do away with.
This is the third time that oil prices have risen this year since April.
According to the latest report, the price of petrol at the Dar es Salaam port has increased by Sh84, diesel Sh29, while kerosene sees its price jump by Sh18.
With the increase, consumers will now pay Sh2, 511 for a litre of petrol in Dar es Salaam, Sh2, 291 for diesel, and Sh2, 194 for kerosene.