Effective today, motorists will have to dig into their pockets deeper after the Ministry of Trade and Industry announced new pump prices for petroleum products. According to a statement from the ministry, both diesel and petrol should not exceed Rwf935 per litre, each rising from Rwf840 per litre, a price set in May. The ministry attributed the increase of the price to changes in international prices, which “since February increased by 14 per cent.” The government has been responding to global oil price changes since March 2014, when the ministry announced fuel cuts from Rwf 1,030 to Rwf1,010, and later in November, from Rwf1,010 to Rwf960 per litre. Petrol and diesel went down to Rwf895 per litre in December, and further went down in March to Rwf810 per litre this year. The statement also says that the increment is part of the levy contribution that will feed into construction of the national fuel reserves and road infrastructure. editorial@newtimes.co.rw
