Uganda’s confidence amidst high fuel prices

“As we enter June, we are starting to lift products that we ordered after the conflict, priced based on the prevailing international prices. You will note that the dollar rate for a barrel of crude oil has doubled. By the time the conflict began, it was at around $65,” Bateebe explains.

The Energy Ministry is set to roll out a monitoring system that will track OMCs’ fuel allocations vis à-vis what they supply to the market.