From Shillings 3,400 to Shillings 6,900: Is the ‘Normalised’ Fuel Price Ever Coming Back Down? COMMENT | MORRISON RWAKAKAMBA | When global crude oil prices skyrocket, prices at Ugandan fuel pumps shoot up overnight. When global crude prices plunge, local pump prices barely budge. They settle instead on a …
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Kampala, Uganda | URN | President Yoweri Museveni has commissioned the construction of the Kampala Storage Terminal (KST), a major infrastructure project in the oil and gas industry. The terminal, located in Nsujjumpolwe Village, Kiringente Sub-county, Mpigi District, off the Kampala-Mityana Road, will serve as a petroleum storage facility for finished …
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Kampala, Uganda | NEWS CORRESPONDENT | President Yoweri Museveni will on Thursday, September 17, 2026 preside over the groundbreaking ceremony for the Kampala Storage Terminal (KST) development, a major petroleum storage facility that will significantly increase Uganda’s storage capacity. The terminal on about a 300-acre site in Namwabula, Mpigi …
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Kampala, Uganda | Xinhua | Uganda has appointed global energy and commodities trader Vitol to market the country’s crude oil allocation ahead of planned exports early next year, the Uganda National Oil Company (UNOC) said Monday. According to a statement issued by UNOC, Vitol will market the crude oil allocation …
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20 years after the discovery announcement, ‘Pearl Sweet’ marks the moment Uganda’s crude moves from political promise to commercial test Kampala, Uganda | RONALD MUSOKE | After almost 20 years of waiting, Uganda has finally given its oil a name. President Yoweri Kaguta Museveni unveiled the name “Pearl Sweet” …
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Dar es Salaam, Tanzania | URN | President Yoweri Kaguta Museveni of Uganda and Samia Suluhu Hassan of Tanzania have endorsed a landmark Memorandum of Understanding (MoU) aimed at reshaping East Africa’s energy economy by shifting the region’s focus from crude oil exports to building an integrated regional energy and …
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Kampala, Uganda | URN | The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The …
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KAMPALA, UGANDA | Xinhua | Uganda may continue to experience fluctuations in fuel pump prices due to global oil market dynamics, but the country has sufficient fuel reserves, the state-run Uganda National Oil Company (UNOC) said. In a statement issued on Tuesday, UNOC attributed potential price variations to factors including …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s fuel prices have edged up by around 5% amid rising tensions in the Middle East, but strong reserves and reforms in the country’s procurement system have limited the impact on consumers. Petrol and diesel remain below previous highs recorded before the Uganda National …
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Participation is secured, but profitability and prudence remain under scrutiny Kampala, Uganda | RONALD MUSOKE | For more than 50 years, Uganda depended on its eastern neighbour, Kenya, to transport the fuel that powers its economy, but had little influence over the infrastructure and pricing decisions shaping that supply. That dynamic …
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The Independent Uganda: You get the Truth we Pay the Price
