Rwanda has announced Fuel prices increase of Rwf 30(U$ 0.04) to Rwf 840 (1.21) up from Rwf 810 ($1.17).

The Ministry of Trade and industry which regulates prices said in a statement that the change will take effect from Saturday, May 9th 2015.

“The rise in fuel prices is a result of a rise in fuel prices at international market,” said Trade Minister, Francois Kanimba.

Fuel prices at the market have increased by 14% since February on the international market.

The increase interrupts a gradual decrease the country has been enjoying since late last year, when prices per liter dropped by $0.05 and $0.09 in November and December respectively.

“For us, an increase, whatever small affects our business. We wish prices can stabilize,” suggests Abdala Kayiranga, a taxi driver.

The last six months of gradual decrease of fuel price has not affected prices of commodities.

Rwanda, a landlocked country, depends on the Kenyan port of Mombasa and the Tanzanian port of Dar-es Salaam for its oil and related product imports.

 

Pump attendant fills up fuel into vehicle. Petrol prices have increased to Rwf 840/lt from Rwf810/lt
Pump attendant fills up fuel into vehicle. Petrol prices have increased to Rwf 840/lt from Rwf810/lt

 




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