tanzanias oil import costs almost doubled to 223 billion in the 12 months to february compared with 116 in the same prioryear period due to an increase in volumes and prices the countrys central bank said late friday the average price of crude oil in the global market rose by 80 to 7584 a barrel in the year ended february compared with 4213 a barrel the prioryear period the bank said in its march economic review in january tanzanias annual pump prices for petrol diesel and kerosene rose by 302 284 and 205 respectively compared with january 2021 domestic pump prices of petroleum products maintained an upward trend due to a rise in global consumer demand associated with recovery of economies from covid19 amid limited supply of oil the bank said average global crudeoil prices rose by 121 to 9313 a barrel in february compared with 8311 the prior month amid tight supplies and rising demand compounded by effects from the ukraine war the bank said oil accounted for 21 of tanzanias total import bill in the 12 months to february tanzanias annual energy fuel and utilities inflation rose 58 in february from 14 in february 2021 attributable to increases in global oil and liquefied hydrocarbons prices the bank said however it was low compared with januarys 73 figure mainly driven by charcoal prices which account for the largest share of tanzanias energy fuel and utilities inflation rate the bank said tanzanias annual headline inflation was 37 in february lower than 4 the month before the bank said