Government to consider imposing strict legal measures Merchant Of Energy Oil Who Hide It

Government to consider imposing strict legal measures Merchant Of Energy Oil Who Hide It

And Eliud Rwechungura - Ministry of Industry and Trade.

Minister of Industry and Commerce, Hon. Innocent Bashungwa has placed the FCC, EWURA, WMA conduct inspections and take action against traders and importers of fuel who hide similar products with the aim of selling it at a higher price yatakapoadimika or rising prices.

Minister Bashungwa spoke June 17, 2020 in Dar es Salaam in session work with the Executive Authority of the Competition Commission (FCC), Regulatory Authority for Energy and Water (EWURA), Agency Dimensions (WMA), the Port Authority (TPA) with TRA for the purpose of conducting a review and revision of the mechanism of regulation of the indicative price of oil to petroleum products imported through the port of Dar es Salaam, Mtwara and Tanga, with a view to enabling the benefits of discounts reaching citizens sa all regions in the balance.

'' In the past struggle Covid-19, one of the opportunities we received as a country which also saw an infection is a decline in oil prices, and we because we earn fuel from abroad, the decline in world oil prices we have benefited but with while benefiting from the decline in oil prices there are some regions still exists on prices "

In addition, Bashungwa has issued a stern warning to all traders who still have a tendency to cover different products when zinaposhuka prices or shortages for the purpose of earning income, has directed the institution of the Competition Commission and Ewura make a careful search as was done on sugar in order to identify and take action against traders all those who promote character

"Merchants know the prices at which they purchased the oil and half COVID-19, any trader who buys fuel at a discounted price but discounted it does lijaenda directly to consumers for the citizens all the areas in which these businesses earn oil supply, we will use our institutions the Competition Commission to ensure countrywide Ewura we follow through and if there is any oil trader who has monopolized the oil to make a profit, we will use strict measures kumchukukulia law as we did on sugar, "

Minister Bashungwa insists that the proposed experts in session work that will be sent to the Minister responsible for Energy and Minerals after completion today to advise on how to keep the same proportion to the indicative price for the relevant product, while stressing that traders who are found to violate the licensing procedures they are given, and EWURA and violate regulations, rules and procedures of the Competition will be subject to legal action, including confiscation of business licenses to petrol products

Earlier, the Acting Director General of the Regulatory Authority for Energy and Water (EWURA), Mr Godfrey Chibulunje said that "oil sold in the country is received through the port of Dar es Salaam, Tanga and Mtwara. In calculating the price of oil, Kaskazinini regions (Tanga, Kilimanjaro, Arusha and Manyara) are set to their prices based on the cost of oil yanayopokelewa through the port of Tanga. Southern regions (Mtwara, Lindi and Ruvuma) are scheduled to price according to gharamaya yanayopokelewa oil through the port of Mtwara. All other regions are allocated their prices based on the cost of oil received through the port of Dar es Salaam.

Compatible with the Engineer Godfrey has studied proposals which will bring about a change of rules for calculating the price of oil that is;

The balance of the premium for all ports and so have fuel prices competitive and consumers of oil to buy at a price that has balance, set the rules for changing fuel costs each month according to changes in the world market, continue to exist for the position of engagement indigenous company in tenders BPS.