Lagos, Nigeria | AFP | Long queues formed at petrol stations across Nigeria Tuesday, with motorists sometimes waiting up to 24 hours to fill up their tanks, as Africa’s number one oil producer faces a crippling fuel shortage. “I couldn’t travel. I would have loved to travel to Osun State …
Read More »Shell to invest $1billion in Mexico
Mexico City, Mexico | AFP | Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country. The investment in the world’s fifth-biggest consumer of gasoline depends on market conditions continuing to …
Read More »Petrol shortages expose Burundi’s economic woes
Nairobi, Kenya | AFP | A lack of foreign currency means petrol pumps are running dry across Burundi, the government has admitted, as the country struggles with a serious two-year-old political crisis. Long queues have been quickly forming in the capital Bujumbura where petrol is only available at some of …
Read More »Bad fuel on the market
Bad fuel concern: Dealers, UNBS clash over adulterated fuel standards If you are a motorist, chances are high that you’ve ever bought adulterated fuel unwittingly. Fuel adulteration involves the mixing of diesel or petrol with kerosene as dealers seek to take advantage of the lower price of kerosene to increase …
Read More »Why the government refused to cut taxes on petrol, diesel
By agatha atuhaire Politicians and government officials are making huge profits Whereas all Ugandans had their eyes on the budget hoping it would include a reduction in taxes on fuel, the new Finance Minister Maria Kiwanuka announced only repealed the excise duty on Kerosene. It was a bold decision. Deloitte …
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The Independent Uganda: You get the Truth we Pay the Price