What are the benefits of the bulk procurement system for consumers and the country?
The benefits of the Bulk Procurement System are as follows;
- Tanzania has become the center of the trade of petroleum products for the East African region.
- Reducing the cost of importing petroleum products and controlling the inflation of petroleum products in the country.
- Assurance of availability of petroleum products that meet the country's demand and quality standards.
- Increased tax revenue from petroleum products
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Reduction in costs of ships waiting to offload petroleum products (demurrage)
- An increase in the volume of Transit to neighboring countries using Dar es Salaam, Tanga, and Mtwara Ports.
- Control of tax evasion in imported fuel.
- Obtaining accurate statistics of petroleum products that have been imported into the country country, thus enabling the government to implement strategic projects.
- System stability (BPS) has attracted investment in the oil sector,