Kampala, Uganda | URN | The government reduced its net borrowing or fiscal deficit in the month of April, amidst the global supply disruptions and lower revenue collections.According to the Ministry of Finance, net borrowing (the extra money the government had to borrow after accounting fo
Fuel prices in Uganda are reaching record highs, with motorists in Moroto, Karamoja reporting pump prices as steep as Shs 20,000 per litre. The spike has triggered long queues at stations in Mbarara, while some outlets in Kampala are running dry. The situation is even bleaker in upcountry regions
Kampala, Uganda: President Yoweri Kaguta Museveni has directed the Ministry of Finance to expedite the signing of a commercial contract with DOTT Services as part of a renewed push to fix the long-delayed roads to Bwindi Impenetrable National Park.In a February 17, 2026, letter seen by thi
Parliament has approved Government’s proposal to impose a UGX200 excise levy on every litre of fuel, a move expected to generate about UGX450 billion in additional revenue as the State intensifies efforts to finance the national budget.Lawmakers backed the measure during consideration of
Uganda has secured incoming fuel shipments totaling more than 450 million litres, with authorities saying the deliveries will reinforce national reserves and sustain one of the most competitive pump price regimes globally.In a statement released Tuesday, the Ministry of Energy and Mineral
The Bahrain-based subsidiary of Vitol, the world’s largest independent oil trading firm, has faced major disruptions after Iran restricted access through the Strait of Hormuz in response to joint US-Israel attacks about two months ago.KAMPALA: Senior executives of Vitol Bahrain E.C, Ugan
As of Friday, pump prices exceeded Shs 5,300 at some outlets such as TotalEnergies, yet according to PS Batebe, Uganda has fuel stocks lasting over two monthsUganda’s government has cautioned oil marketing companies against unjustified increases in fuel pump prices, even as global market
Kampala — Uganda’s fuel prices remain significantly lower than those in Europe despite rising geopolitical tensions affecting global oil markets, with officials attributing the stability to diversified supply arrangements through the Uganda National Oil Company (UNOC) and its international su
The heat is on at the Uganda National Oil Company (UNOC) after the Auditor General’s December 2025 report tore through the glossy public relations spin amidst war on Iran and laid bare troubling gaps in fuel security, funding shortfalls, underperformance and strategic failures that now raise un
The Government has assured Ugandans that fuel supply remains stable and March 2026 deliveries are on schedule despite Middle East tensions, with pump prices expected to remain relatively unchanged.The Government has moved to calm fears over possible fuel shortages following renewed instabi
