Kampala, Uganda | URN | Uganda’s business environment is increasingly coming under pressure from the ongoing Middle East conflict, with rising fuel prices emerging as a major concern for traders and investors across the country. The concerns were raised on Tuesday during the dissemination of the Uganda Business Climate Index …
Read More »Suzuki Hybrid launch signals shift in Uganda’s car market
Kampala, Uganda | THE INDEPENDENT | Rising fuel prices and growing concerns over vehicle maintenance costs are reshaping Uganda’s automotive market, prompting dealers to position hybrid technology and ownership incentives as alternatives to the country’s dominant used-car culture. Against this backdrop, CFAO Mobility Uganda has launched the all-new Suzuki ACROSS Hybrid SUV in Uganda, …
Read More »To control fuel prices or not; Which way Uganda?
Kampala, Uganda | URN | Recently, there have been increasing calls on the government of Uganda to intervene directly into the petroleum market including by way of setting caps to control prices products. This comes as fuel prices continue skyrocketing over the last two months in response response global supply …
Read More »Why some fuel dealers prioritize petrol not diesel
Kampala, Uganda | THE INDEPENDENT | Experts in the petroleum sector have revealed that the current inconsistencies in pump fuel prices are a preserve of individual dealers depending on their in-house issues. Currently, a few dealers like Shell and Total Energies, are still pricing their diesel higher than petrol, a trend that …
Read More »Why fuel pump prices will continue to drop
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has predicted the continued fall in fuel pump prices as the global industry continues to stabilize. A mini survey by Uganda Radio Network in different parts in and around Kampala shows a liter of petrol now goes for …
Read More »Teargas, live bullets in Jinja as motorists protest skyrocketing fuel prices
Jinja, Uganda | THE INDEPENDENT | Police have used teargas and live bullets to disperse motorcyclists who had staged protests in Jinja over the skyrocketing fuel prices. The motorcyclists staged protests within different trading centres along the Jinja-Kamuli highway, where they placed and lit logs and old car tyres in the …
Read More »High fuel prices force half of Uganda’s buses off the road
Kampala, Uganda | THE INDEPENDENT | Rising fuel prices have driven a quarter of Uganda bus companies out of business and half of the buses off the road. The bus companies offering public transport in Uganda have started closing business due to their inability to break even. Of the over 80 …
Read More »EU states using strategies to confront price hike at gasoline pump
Rome, Italy | Xinhua | As the crisis in Ukraine sends global fuel prices spiraling higher, governments in European Union (EU) member states are scrambling for ways to reduce the economic impact their citizens are feeling at the gasoline pumps. Prices for gasoline surpassed 2 euros (2.1 U.S. dollars) per liter …
Read More »Fuel prices won’t affect oil production timeline: Regulators
Kampala, Uganda | THE INDEPENDENT | Oil and gas companies and the industry regulators are still confident that Uganda’s first oil will flow by 2025, despite the rising global inflation. Most commodities worldwide have registered rapid price increases starting last year as economies reopened following the COVID-19 induced lockdown. The situation …
Read More »Taxi operators decry low passenger numbers
Kampala, Uganda | THE INDEPENDENT | Taxi operators plying different routes within Kampala city are living in uncertainty about the future of their business, due to the gradual decline in the number of people using taxis. The taxi operators say the number of people using taxis dropped since the government lifted …
Read More »
The Independent Uganda: You get the Truth we Pay the Price