More stations cut petrol price

Dec 20, 2004

AFTER Shell’s recent cut in petrol prices from sh1,760 to sh1,720, most dealers have followed suit.

By Chris Kiwawulo

AFTER Shell’s recent cut in petrol prices from sh1,760 to sh1,720, most dealers have followed suit.

These are Caltex, Total, Gapco and Kobil filling stations in and around Kampala.

“We are also concerned with changes in world fuel prices like any other dealer. When prices reduce or increase, we automatically change,” said a Caltex dealer on Kampala road.

The dealer, who preferred anonymity, said Caltex was monitoring the world fuel prices.

The price of diesel and kerosene, however, remained constant at sh1,520 and sh1,400 respectively at all pumps.

Shell Uganda’s executive director Ivan Kyayonka recently attributed the reduction of petrol prices at local pumps to reduction in world prices.

Kyayonka said Shell Uganda monitors fuel prices on the world market and passes over the effect to its customers.

The reduction started on Wednesday.

“If you look at the world prices today, they have reduced from the previous $50 a barrel to around $40,” Kyayonka said.

He said diesel and kerosene prices were constant because their prices had not changed on the world market.

Recently petrol prices increased from sh1700 to sh1760 while kerosene increased from sh1330 to sh1400.

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