ZURA blames global fluctuations for petrol price surge in Zanzibar

By Guardian Reporter , The Guardian
Published at 10:48 AM Sep 09 2024
The decrease in diesel and jet fuel prices this month is attributed to a drop in global market prices.
Photo: File
The decrease in diesel and jet fuel prices this month is attributed to a drop in global market prices.

THE cap price of petrol in Zanzibar has increased from 3,062/- per litre in August to 3,164/- this month, due to various factors including fluctuations in global market prices.

According to Zanzibar Utilities Regulatory Authority (ZURA), this represents an additional increase of 102/- per litre.

Mbaraka Hassan Haji, head of communication and public relations at ZURA told journalists here yesterday that while the prices of petrol have risen, diesel has gone down to 3,247/-  this month from 3,259/- of August.

He added that the price of kerosene will remain at 3,200/-, the same as in August. Meanwhile, jet fuel will be sold at 2,837/- in September, down from 2,843/- in August, showing a difference of 6/-.

The manager also outlined other factors influencing the increase and decrease in fuel prices,  as including import costs at the ports of Dar es Salaam and Tanga, exchange rate fluctuations for foreign currencies used to purchase fuel, transportation costs, insurance costs and levies as well as profit margins for wholesalers and retailers.

The decrease in diesel and jet fuel prices this month is attributed to a drop in global market prices.

“The authority urges the public to purchase fuel only from registered selling points and to request electronic receipts for every transaction,” he said.