Tanzania fuel prices hit record highs as Iran war takes tollMotorists and other fuel consumers in Tanzania will pay around Tsh1,000 (Ksh50) more for a litre of petrol after the energy regulator revised cap prices for April 2026 in response to rising global prices precipitated by the US-Israeli war on Iran. With petrol and diesel prices rising almost in tandem, the cost of moving goods and people is expected to increase, potentially triggering a ripple effect across key sectors of the economy. Notably, this is the first time Tanzania has recorded such elevated fuel prices since the 2022 spike linked to the Russia-Ukraine War, when global oil prices surged past $120 per barrel and pushed domestic pump prices to above Tsh3,400(Ksh170) per litre. Globally, crude oil prices have climbed to above $100 per barrel, with Brent crude currently trading at around $105–$108 per barrel amid the crisis, a level that historically translates into elevated domestic fuel prices for import-dependent economies like Tanzania. He added that Tanzania currently holds adequate reserves across petrol, diesel and aviation fuel, supported by incoming shipments expected to extend supply to at least 90 days—an assurance aimed at maintaining supply.

Source: Daily Nation April 01, 2026 19:03 UTC