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FUEL PRICES DROP BY 79/- IN IRINGA TOWN


FUEL prices of petroleum products in Iringa have dropped by 79/-, one litre of petrol is sold at 1962/- from 2041/- since December last year, the Guardian can disclosed.

The Guardian yesterday conducted a random survey of some service stations in Iringa town and found that in all the filling stations were selling their petroleum products according to Energy and Water Utilities Regulatory Authority (Ewura) instruction.

The filling stations visited by this paper yesterday include Hope Service Station, Iringa Service Station, GAPCO, TOTAL and TFA Service Station all in Iringa municipality.

They have also displayed the prices on both bill boards and pumps also showed same prices that were displayed bill boards.

EWURA has recently announced a slight drop in prices of petroleum products and the new cap prices which is the regulatory body in the country. 

Petroleum will be sold at 1,962/- per litre in Iringa Town a drop of 79/- from 2,041 in December last year.

Similarly, the prices for diesel (1811/-) and kerosene (1763/-) have dropped by 76/- per litre and 66/- per litre respectively.

In the statement issued by Ewura in Dar es Salaam recently indicated that to a large extent the fall in the local market prices have been caused by a drop of prices of petroleum products in the world market as well as a decrease in freight and premium charges.

According to the statement, oil marketing companies are free to sell their products at a price that gives them a competitive advantage provided that the price does not exceed the price cap for the relevant product as were computed by the approved formula which was gazetted through the Government Notice No. 405/2015 of July 2015.

Ewura also directed all petrol stations to publish petroleum product prices on clearly visible boards and make sure the price boards are clearly visible as should be any discounts offered as well as any trade incentives or promotions on offer. 

“It is an offence not to have prices published on boards located in clearly visible places in front of petrol stations and it will attract punitive measures from EWURA” reads part of the statement.

The authority reminded retailers to issue receipts for all sales that they make and consumers are advised to demand and keep receipts that clearly show the name of the petrol station, date on which such purchase was made as well as the type of fuel and price per litre for every purchase.

The Middle East accounted for about 30 percent of global oil output in 2014, according to the US Energy Information Administration.

Iran and Saudi Arabia sit on either side of the Persian Gulf, the site of world’s biggest concentration of oil tankers.







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