Tanzania's fuel prices are holding steady for November, a surprising development after a volatile year. This two-month stability is a rare occurrence, offering a much-needed break for consumers and businesses alike. But is this stability here to stay?
The Citizen Reporter brings the news that fuel prices in Dar es Salaam will remain at TZS 2,752 per litre for petrol, TZS 2,704 for diesel, and TZS 2,774 for kerosene. This stability extends to other regions, with prices in Tanga and Mtwara also remaining unchanged. And here's the part that might spark curiosity: this is the first time in recent memory that fuel prices have remained constant for two consecutive months.
The Energy and Water Utilities Regulatory Authority (EWURA) attributes this stability to the global oil market trends and the Tanzanian shilling's resilience against the US dollar. But, as they say, all good things must come to an end. The authority warns that prices are still subject to global supply and shipping costs, which could lead to future fluctuations.
EWURA is keeping a close eye on the market and has reminded retailers and wholesalers to adhere to the set price caps. They've also encouraged consumers to be vigilant by requesting receipts and purchasing fuel from stations with visible price boards, ensuring transparency and consumer protection.
This stability is a welcome relief, especially for the transport sector and consumers, who have been hit hard by high fuel prices and operating costs in recent months. Analysts suggest this break might provide some short-term respite before the busy December holiday season. However, the question remains: will this stability last, or is it just a temporary calm before another price storm?
