Uganda Urges Oil Dealers to Maintain Stable Pump Prices Amid Middle East Crisis
Uganda's Minister of Energy urges petroleum companies to avoid raising pump prices due to the Middle East crisis. The Uganda National Oil Company assures steady supplies and has contingency plans to source petroleum from alternative routes if necessary. Uganda imports around 2.5 billion liters of petroleum products annually, valued at approximately 2 billion U.S. dollars.
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Uganda's Minister of Energy and Mineral Development, Ruth Nankabirwa, has urged petroleum marketing companies not to raise pump prices amid the ongoing Middle East crisis, stating there is no justification for price increases. The state-run Uganda National Oil Company (UNOC) has assured these companies of steady supplies despite regional instability.
UNOC, alongside its supply partner Vitol, is implementing measures to ensure uninterrupted petroleum product supplies, with contingency plans to access alternative routes if needed. Uganda imports approximately 2.5 billion liters of petroleum annually, valued at about 2 billion U.S. dollars.
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