DODOMA, Sept. 4 -- MOTORISTS in the country are experiencing a reprieve following a 36/- and 23/- reduction in cap prices for petroleum and diesel, respectively, which is expected to lower transportation costs, ease inflationary pressures and boost overall economic activity.

The new cap prices were announced on Tuesday by the Energy and Water Utilities Regulatory Authority (EWURA).

According to a statement from EWURAs Director General, Dr James Andilile, the reductions are driven by declines in FOB prices down 0.2 per cent for petrol, 5.5 per cent for diesel and 3.5 per cent for kerosene coupled with 3.96 per cent depreciation in the applicable exchange rate for the period.

These factors collectively contributed to the downward adjustm...