Scrapped motor vehicle license fees increase petroleum demand in Tanzania

Tanzania’s decision to scrap motor vehicle license fees has resulted in a significant increase in the demand for petroleum. The Petroleum Bulk Procurement Agency of Tanzania will now import 200,000 metric tons more of petroleum to meet the surging demand as they are expected to procure 500,000 metric tons of petroleum in October 2017 this year compared to September’s 300,000 metric tons. This provides various opportunities for local and foreign companies in the industry.

 

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