Fuel prices that were apparently taking the receding trend are now doing the opposite after Rwanda Utilities Regulatory Authority said that the prices were now up by another tens.
Petroleum that was conveniently affordable at Rwf888 is now Rwf 948 an increase of Rwf 60.
Diesel has not increased a lot from Rwf 846 to Rwf914 but it represents Rwf26 which are instant prompt in the cost of transport and production and down the business line should the trend persist in the coming months.
From tomorrow the new prices will turn down on petrol station pumps but RURA warned the hikes will not affect increases in transport costs.
In the announcement signed by Maj. Patrick Nyirishema, RURA noted that the new price increases are a result of increasing prices of oil products including petroleum, diesel, tarmac, cosmetics and other related commodities.
The authority did not, however, if the increasing storage capacity could in the near days keep the prices constant and, nothing is known of how long the new prices will take to, again, drop or increase.
The fully automated fuel storage depot was built by Societe Petroliere (SP) Ltd as the of its kind terminal in Rwanda to store 22 million litres of fuel including the diesel facility storing 10 million litres, the petroleum facility storing 10 million litres and the jet fuel facility storing 2 million.
But any increases will promptly cause transport, production and livelihood costs increased too.