Yapaa world oil prices

BEI crude oil in the world market has gone up from 30.77 US dollars per barrel to $ 40 if it is for the first time since December last year.

A statement issued yesterday by the US Information Agency, CNN showed that the price has gone up by 54 percent as five weeks after falling to $ 26.05 per barrel.

"The market becomes too much. We continue to see volatility, "said the director of the energy team at Nasdaq, Tamar Messner.

The oil rose Wednesday of this week with the chief producers led by Saudi Arabia and Qatar Doha- Russia agreed to meet next month to discuss issues of oil.

"I do not think this is based on the grounds. We're still on the distribution. We are the center of the process restock and that takes time, "said Messner.

Here in one of the local officials of the Regulatory Authority for Energy and Water (Ewura) who did not want his name to be written at the moment said that price comes into force after two months.

"If oil yakiagizwa today (yesterday), then the price will go into effect on May 18, this year, the prices are changing every two months. That is crude oil (oil that is not processed), "he said.

TANZANIAN Saturday lilimtafuta by phone Acting Director of Importers of oil with locally Michael Fools who said the existing order in the country is importing every month and that the oil imported is what was processed which is also its price is changing according to the market.

"Rising on the world market is our impact after two months, we are buying crude oil we bought fresh, and the price is changing," said Fools.

He cited that the price of crude oil barrel yesterday was US $ 40.035 and the last price available today.

"On March 16 this year crude oil was US $ 38.705, rose nearly 1.3 dollars, in the case of petroleum products which we ordered Metric Tons and diesel which is bought at $ 46.85 a barrel," said Fools.

Recently erupted uncertainty after Ewura say that oil imported without for competitive bids is causing the price of the domestic market isishuke as required while Minister George Simbachawene who served as Minister of Energy and Mines as saying he took the decision due to the security concerns of the country after ended with general elections.

Simbachawene who is now Minister of State in the President's Office (Local Government) on the previous government had ordered the oil it bought for 40 billion shillings for use in September, October and November last year without for competitive bids were at the table.