Oil prices rebound in Asia after heavy sell-off

Oil Prices Fall in Asia After Thursday Surge: Live Updates  The New York TimesTrump tells CNBC he spoke to Putin, MBS and expects Saudis, Russia to announce 10 million barrel cut  CNBCOil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting  CNNTrump’s 10 Million Barrel Tweet Is Performance Art  BloombergCommentary: Even with low prices, this is not the end of oil  CNAView Full coverage on Google...

>There is no doubt that fuel is a key driver of any economy. Following the trend of falling prices of fuel products at the world market since last June, Tanzanians have been asking how it is that pump prices in the country do not seem to reflect the change.

Oil prices have decreased. The fall follows changes in the world market.It has been difficult for petrol users in the last three months as its price escalated.

>As Tanzanians wake up to see rising prices of all petroleum products, the importation coordinator says that the country has enough stock.

>Oil prices, which tumbled again yesterday, are likely to remain low throughout 2015, the World Bank has said.

This year has started with relief to fuel consumers as the regulator announced lower prices for petrol, diesel and kerosene through January.

Tanzania’s annual headline inflation decreased to 4 per cent in January from 4.8 per cent recorded in December pushed by a decrease of oil prices.

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>The World Bank (WB) analysis on oil prices in Global Economic Prospects says gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth.