Tanzanian Regulator Cuts Gasoline Prices by 1.8%, Diesel by 2.3%

Tanzania, East Africa’s second- biggest economy, reduced the price of gasoline by 1.8 percent as global crude prices declined, the Energy and Water Utilities Regulatory Authority said.

Gasoline will cost 2,032 Tanzanian shillings ($1.24) per liter for the next two weeks, the regulator said in a statement published in the Dar es Salaam-based Guardian newspaper today.

Diesel prices were cut by 2.3 percent to 1,954 shillings and kerosene, used for cooking, was lowered by the same margin to 1,934 shillings, it said.