By Tumfweko On Jan 07, 2017

Boycott Of Indeni Fuel Forced Govt To Reduce Pump Prices

THE government was forced to reduce fuel pump prices after oil marketing companies stopped buying the commodity from Indeni Petroleum Refinery, opting for cheaper imports.
According to sources close to the Department of Energy, the hike in fuel pump prices resulted in about 45 per cent rise in the cost of fuel from TAZAMA, forcing most OMCs to import the commodity at a cheaper price to meet their local obligations.
Tanzania Zambia Mafuta (TAZAMA) pipeline is the storage facility for finished pet...