Government Gives Assurance on Rising Fuel Prices

Date:

Share post:

Information and ICT minister Dr Chris Baryomunsi has assured Ugandans that the government is exploring various options for remedial action to cushion them against the high fuel prices.

This comes as oil prices continue to spiral amid rising transport and food costs likely to fuel inflation ahead of the festive season.

According to Baryomunsi, the problem is global, in an apparent reference to the $20 or Sh 72,000 jump in price per barrel of Brent crude oil on the world market over seven months from April this year.

Baryomunsi adds that energy minister Ruth Nankabirwa is in Abu Dhabi, the capital of the United Arab Emirates, a member of the Organisation of Petroleum Exporting Countries (OPEC), to, among other things; engage oil producers for a solution to fast-rising oil prices.

In Uganda, pump prices for a litre of petrol went up by between Shs 100-sh 630 and Sh60-Sh 200 for a litre of diesel, with the highest spike margins reported in Rukungiri and Bushenyi districts.

These districts are about 380 and 320 kilometres from the capital, Kampala, respectively.

Transporters especially Boda Bodas upcountry have in response doubled fares

Related articles

Gen Muhoozi’s statements are private—Baryomunsi

Minister of ICT and National Guidance Chris Baryomunsi has clarified that comments made by the Chief of Defence...

Zombo: Govt commissions UGX 5.3 Billion Water Project to Provide Clean Water to 660 Households

The Ministry of Water and Environment has commissioned a water project in Zombo Town Council worth UGX 5.3...

UNFF Farmers Laud OWC Collaboration in Eradicating Poverty

The President of Uganda National Farmers’ Federation (UNFF), Dick Kamuganga, has applauded their partnership with Operation Wealth Creation...

UPDF Hails NCOs as Heart of UPDF during Graduation of over 600 Officers 

The Uganda People's Defence Forces (UPDF) proudly graduated a total of 637 Non-Commissioned Officers (NCOs) and hailed them...