Tanzania’s energy regulator raises retail fuel prices, citing costly crude

Tanzania’s energy regulator raised maximum retail prices on fuel on Friday, citing higher international crude oil and refined product prices, a move expected to exert upward pressure on inflation. Fuel prices have a big effect on the inflation rate in the east African country, which slowed to 5.1 percent year-on-year in April from 5.4 percent … Continue reading Tanzania’s energy regulator raises retail fuel prices, citing costly crude