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Government allays fuel hike fears as prices go up

By IGIHE
On 10 juin 2022 at 05:54

The Government of Rwanda has announced new fuel prices where a liter of petrol costs Rwf1460 up from Rwf1359 while a liter of diesel costs Rwf1503 from Rwf1368.

The statement released by Rwanda Utilities Regulatory Authority (RURA) reads that fuel prices have been revised based on adjustments on the international market.

New prices will go into force from Friday 10th June to 31st July 2022.

Despite the price hike ; the Minister of Infrastructure, Dr. Ernest Nsabimana has said that the government exonerated taxes and subsidized public transport fares to avoid heavy burdens on passengers.

The latest price changes in April this year saw the cost of petrol increased by Rwf103 and diesel by Rwf167.

Speaking to RBA, Minister Nsabimana has said that the increase in petroleum products mainly emanated from effects of the war between Russia and Ukraine.

“The war between Ukraine and Russia broke out in February this year as people embarked on the path to economy recovery. Many European countries import 40% of oil from Russia. This caused adverse effects because Russia is among largest oil producers globally,” he said.

Dr. Nsabimana has disclosed that the government allocated Rwf29.3 billion to subsidize fuel prices from October 2020 to October 2021 and injected more Rwf5.2 billion from November 2020 to March this year to prevent higher prices.

“The government has allocated more Rwf10 billion from March to November this year. There will be no changes regarding the transport of people and goods because the government will continue its subsidy program,” he stated.

Fuel prices have increased.

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