Tanzania raises fuel prices due to higher import costs

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DAR ES SALAAM, Dec 7 (Reuters) - Tanzania's energy regulator raised maximum prices of petrol, diesel and kerosene on Thursday due to higher global oil prices.

Fuel prices weigh heavily on the inflation rate in the East African country.

Year-on-year headline inflation slowed to 5.1 percent in October, down from 5.3 percent a month earlier.

Maximum kerosene prices were raised 0.17 percent in the latest monthly price limits, which take immediate effect.

"The increases in diesel and kerosene local prices are mainly due to increases in world oil market prices, whereas the increase in petrol prices is mainly due to an increase in bulk procurement system premiums," EWURA said.

The regulator increased the price of petrol in the commercial capital Dar es Salaam by 41 shillings a litre to 2,160 shillings, and the price of diesel in the capital by 30 shillings to 1,984 shillings per litre.

Kerosene prices in the commercial capital were raised 3 shillings to 1,942 shillings per litre.

This article appears in: Politics , Stocks , World Markets

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