Tag Archives: Fuel prices

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 …

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 …

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 …

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 …

Markets are witnessing an economic stagnation under lack of purchasing power and unprecedented hike in the prices of basic commodities Khartoum, Sudan | Xinhua | Concerns are growing that the economy in Sudan would further deteriorate amid the continued decline of the national currency Sudanese pound, the unprecedented rising prices of …

Kampala, Uganda | THE INDEPENDENT | The high costs of essential household commodities are worrying and Members of Parliament want government to take action and stall rising prices. Kampala Central Member of Parliament, Mohammed Nsereko said the concerns of high fuel prices have now shifted to the increased prices of soap, …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Energy and Mineral Development (Minerals), Peter Lokeris, has reassured lawmakers that petroleum fuel prices are expected to return to normal by 10 February 2022. In the week commencing 01 January 2022, the country experienced a hike in petroleum prices by Shs550 …

 Did URA, Ministry of Health cause it? Kampala, Uganda | IAN KATUSIIME | An unreasonable testing protocol, greed and an unresponsive government to popular needs has seen Ugandans treated to the worst of January blues with fuel prices going as high up as UgShs10, 000 for a litre. The prices …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have quizzed officials from the Ministry of Finance, Planning and Economic Development over the skyrocketing fuel prices in the country. The MPs on the Committee of Finance believe that the ongoing fuel crisis would have been averted if the county’s oil reserves were …

Jinja, Uganda | THE INDEPENDENT | Uganda’s oil reserves in Jinja have run out of fuel, Uganda National Oil Company-UNOC depot manager, Joel Nkangi has announced amidst a crisis that has led to an escalation of fuel prices in recent weeks. Pump prices have now increased to an average of 6,000 Shillings …