Tanzania, March 28 -- Dar es Salaam. The government has moved to stabilise fuel prices by assigning the state-run Tanzania Petroleum Development Corporation (TPDC) to import and distribute petroleum products between May and July, leveraging bulk procurement to secure more favourable prices.

Energy ministry Permanent Secretary Dr Jamea Mataragio said the intervention follows a market assessment that found the TPDC could source fuel at lower cost than suppliers engaged through the Petroleum Bulk Procurement Agency (PBPA).

The decision comes against the backdrop of rising global oil prices, which have more than doubled in recent months-from between $50 and $60 per barrel in February to about $114 currently-raising concerns over domestic pr...