Kampala, Uganda | THE INDEPENDENT | Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Joseph Ssewungu had called the ministers but none …
Read More »MPs urge gov’t to refill oil reserves to curb fuel prices
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have quizzed officials from the Ministry of Finance, Planning and Economic Development over the skyrocketing fuel prices in the country. The MPs on the Committee of Finance believe that the ongoing fuel crisis would have been averted if the county’s oil reserves were …
Read More »Jinja oil reserves run out of fuel – UNOC
Jinja, Uganda | THE INDEPENDENT | Uganda’s oil reserves in Jinja have run out of fuel, Uganda National Oil Company-UNOC depot manager, Joel Nkangi has announced amidst a crisis that has led to an escalation of fuel prices in recent weeks. Pump prices have now increased to an average of 6,000 Shillings …
Read More »MPs put finance ministry officials to task over fuel prices
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Ministry of Finance, Planning, and Economic Development over the skyrocketing fuel prices across the country. Fuel prices have been rising sharply since early last year but since the beginning of this month, they have …
Read More »Uganda’s oil reserves now estimated at 6.5 billion barrels
By Ronald Musoke Uganda’s oil reserves have shot up by 87% from 3.5 billion barrels following recent appraisals of 14 oil wells done by the three oil companies currently involved in the country’s oil sector. A senior energy ministry official said following the evaluation of more oil wells which encountered …
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