EWURAEnergy and Water Utilities Regulatory Authority (Tanzania)
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"This notable drop in retail and wholesale prices is the result of falling global oil market prices and a decrease in the suppliers' premium rates," EWURA Director General Felix Ngamlagosi explained.
"This information on prices is intended to enable stakeholders make informed decisions on petroleum prices at a particular time," said Ngamlagosi, noting that EWURA would continue to encourage competition in the sector by making available pricing information on petroleum products, including the price caps.
The deal is a result of EWURA tender won by GFI earlier this year.
Bruce Rowlands, President and CEO, Eurocontrol Technics said, 'Eurocontrol/GFI are pleased to have signed our contract for the EWURA project and look forward to preparing for implementation, which will begin later this summer.
Emphasising its significance as a progressive stride to improve the lives of Tanzanians, Masebu said: "This partnership is timely, relevant and well received." Meanwhile, officials from the state-run Tanzania Electric Supply Company (TANESCO), the Rural Electrification Agency, the Ministry of Energy and Minerals along with EWURA and NARUC are attending a week-long workshop to prepare elements in a regulatory framework for natural gas and renewable energy projects in Tanzania.Ee