DAR ES SALAAM, April 22 (Xinhua) -- Tanzania is stepping up strategic measures to cushion its economy against rising global fuel prices, as supply uncertainties linked to geopolitical tensions continue to push up costs, Minister of Energy Deogratius Ndejembi said on Wednesday.
Presenting his ministry's 2026/2027 financial year budget in parliament in Dodoma, Ndejembi said the government is closely monitoring global oil markets to ensure a stable supply and prevent disruptions to economic and social activities.
The surge in crude oil prices has translated into steep rises in refined fuel prices, with petrol rising by 69.12 percent, diesel by 104.30 percent, and kerosene and jet fuel by 115.83 percent between February and March 2026, Ndejembi said.
To mitigate supply risks, he said, the government has facilitated the Tanzania Petroleum Development Corporation to import fuel stocks sufficient for three months, covering the period from May to July.
Tanzania relies heavily on fuel imports, sourcing about 59 percent of its fuel from Middle Eastern countries, including the United Arab Emirates, Saudi Arabia, Bahrain, Oman and Kuwait, while 41 percent comes from India, according to the minister.
Ndejembi emphasized that the government will continue implementing strategic interventions to stabilize supply and shield the economy from fuel price volatility, noting that energy security remains critical to economic resilience. ■