Why falling crude oil prices may not cut fuel costs in Tanzania

Dar es Salaam. Although global crude oil prices have fallen to $87.3 per barrel as at Saturday, May 30, 2026, down from above $112.9 on April 7, this year, economists say the decline is unlikely to be immediately reflected in Tanzania’s retail fuel prices.

They say fuel pricing is influenced by multiple factors beyond global oil prices, including transport costs, insurance, taxes and other regulatory charges.