Tanzania raises fuel prices, contradicts mid-May supply assurances
The increase is likely to feed quickly into transport costs, pushing up prices of food and other basic goods at local markets, as well as public transport fares.
Tanzania on Wednesday sanctioned a more than 30 percent increase in official fuel prices, reversing recent government assurances that stocks would last until at least mid-May, as the war between Iran and combined US-Israel forces continues to disrupt supply lines through the Middle East.
In a public notice, the Energy and Water Utilities Regulatory Authority (Ewura) announced new cap prices for petroleum products, effective immediately, despite recent government assurances that reserves would cover domestic demand until at least mid-May.
