The concern rises in Tanzania as world oil prices skyrocket

Dar es Salaam. Petroleum product prices skyrocket as a result of changes in world market

The price of gasoline reached 2409 shillings per liter on Wednesday – the highest ever recorded in Dar es Salaam – and It is possible that the prices

The Water and Energy Regulatory Authority of Tanzania (Ewura), which regulates the import of oil, said that the local price increases in July are due to consecutive rises world oil prices in April and May.

"We have an executive committee meeting on July 14th and the increase in oil prices is one of our main goals.We will discuss and make a joint decision on the issue," said M Mustafa Mwalongo, Information Officer at the Tanzania Bus Owners Association (Taboa).

The meeting will also propose new bus fares to reflect the increase

"We have not encountered this kind of challenge since the government of the fifth phase came to power and so we let's trace the best ways to tackle the issue, "he added. said by phone.

Manufacturers believe that they will not see immediate effect on industrial production but fear that transportation costs will increase. "Most industries use electricity, natural gas and coal and very few use heating oil, so there is no immediate impact on production. However, transportation costs, which are likely to increase, will also have an impact on the prices of manufactured goods, "said Akida Mnyenyelwa, Acting Director of Policy and Advocacy at the Confederation of Industries of Tanzania (CTI) [19659008]. On Monday, US-based Morgan Stanley expected international prices to hit $ 85 a barrel in the second half of 2018.

President Donald Trump demanded that the United States Petroleum Exporting Countries (OPEC)) "The United States and Saudi Arabia are discussing the possibility of the Kingdom releasing more of its own crude to curb soaring prices." The monopoly of OPEC must remember that gas prices are rising and are doing little to help. On the contrary, they drive up prices, because the United States defends many of its members for very little money. It must be a two-way street. Reduce prices now! Trump wrote in his Twitter account on Wednesday.

OPEC's Iranian governor, Hossein Kazempour Ardebili, said that Trump's tweets in the White House are turning against American allies

. Your tweets have pushed prices up by at least 10 dollars a barrel, "Kazempour said in a message broadcast by the Shana Information Service of the Iranian Oil Ministry, stating:" Stop, otherwise it'll go even higher! "