Tanzania, April 9 -- Dar es Salaam. Fuel prices dominated discussions across Tanzania yesterday, even as global oil markets showed early signs of easing following a two-week ceasefire in the US-Israel war on Iran.
Brent crude fell roughly 15 per cent to between $90 and $94 per barrel yesterday, reversing some of the more than 50 percent gains seen since the US-Israel invasion of Iran on 28 February. The temporary truce eased fears of major supply disruptions through the Strait of Hormuz, a critical oil shipping route.
Despite the slight decline in global prices, domestic fuel costs remain high. Petrol now sells at Sh3,820 per litre in Dar es Salaam, up from Sh2,864 in March, while diesel has risen to Sh3,806 from Sh2,858. Kerosene price...
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