The government has intensified measures to stabilise fuel prices, seeking to shield consumers from global market shocks while ensuring a steady supply of petroleum products nationwide.
This was revealed by the Permanent Secretary in the Ministry of Energy responsible for Petroleum and Gas, Dr James Mataragio, during a high-level meeting that brought together key stakeholders from the oil and gas sector and government institutions.
Dr Mataragio said coordinated action remains essential as Tanzania navigates persistent fluctuations in global oil markets, which continue to exert pressure on domestic fuel prices.
He emphasised that all institutions involved must demonstrate firm commitment in implementing government strategies aimed at maintaining price stability and supply reliability.
He further highlighted the need for transparency, accurate data management and proper record-keeping in overseeing fuel control systems, noting that credible documentation would underpin the success of the ongoing interventions.
Dr Mataragio also commended Oil Marketing Companies (OMCs) for sustaining fuel availability despite challenging global conditions.
“We have witnessed strong cooperation from stakeholders in the petroleum sector, particularly during this difficult period. You have continued to stand with the government to ensure fuel is available at all times,” he said.
Petroleum Commissioner Godluck Shirima echoed the remarks, praising OMCs for their resilience and collaboration. He noted that despite sharp increases in import costs and significant global price shifts, the companies have maintained a high level of responsibility, helping to avoid major supply disruptions.
Meanwhile, the Chief Executive Officer of the Petroleum Bulk Procurement Agency (PBPA), Erasto Simon, said the government will sustain regular engagement with stakeholders to address emerging challenges and strengthen the sector’s performance.
The meeting brought together officials from the Ministry of Energy, PBPA, the Bank of Tanzania (BoT), the Tanzania Revenue Authority (TRA), and the Energy and Water Utilities Regulatory Authority (EWURA), alongside industry players, signalling a unified approach in safeguarding fuel supply and economic stability.
