News & Up­dates:

A section of Legislators has asked the Speaker of Parliament to organize a special sitting for the Government to give a detailed statement on the state of Uganda’s oil in addition to explaining the current skyrocketing prices of fuel in the Country.

The Legislators led by Igara West Legislator Gaffa Mbwatekamwa are also asking the government to revise fuel taxes.

Mbwatekamwa was concerned that the President, Ministers, and many other leaders are silent on the matter of fuel. He said that the increase in fuel affects everyone; it greatly affects the common citizens.

The MPs also appealed to Government to use the fuel reserves to provide stability for the country.

Uganda’s petrol prices are highest in East Africa at Sh4, 590 per litre followed by Burundi’s Sh4, 290. Tanzania has the lowest price of Sh3, 780 per litre, Rwanda Sh4, 060 and Kenya Sh4, 180.

Motorists in Venezuela enjoy the lowest fuel prices at less than a shilling per litre while those in Iran pay a mere Shs213 per litre, motorists pay Sh820 in Syria, Sh952 in Angola, Sh1,189 in Algeria, Sh1,428 in Nigeria, Sh1,620 in Ethiopia, Sh2,090 in Egypt.

The increase in prices of diesel and petrol in Uganda is attributed to the global rise in crude oil. The global oil prices had climbed above $80 a barrel by late September. Some analysts believe that oil prices will continue to rise amid surging demand and tight supplies.

With the recent hike in fuel prices, the Committee on Trade, Tourism and Industry has summoned officials from the Ministry of Energy and Mineral Development next week to explain the fuel price escalations.

Nakawa Division East MP, Eng. Ronald Balimwezo was concerned that many Ugandans are failing to meet their basic needs because of the high costs of things which are largely affected by the increase in fuel prices.

He called for a concerted effort from all the stakeholders including the multinational companies in the fuel sectors to address the concern. He was equally concerned about the monopoly by some of the multinational companies calling for investigations.

Katikamu County North MP, Hon Denis Sekabira alleged that the increase in fuel prices could be attributed to the involvement of the top Government officials and politicians in the fuel business.

He equally voiced the challenges Ugandans continue to face as a result of the skyrocketing prices of fuel in the Country. He called for Government intervention.