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Originally published by Capital Business
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business
March 5, 2026
1mo ago

Uganda urges oil dealers to keep pump prices stable amid Middle East crisis

Uganda urges oil dealers to keep pump prices stable amid Middle East crisis

Ruth Nankabirwa, Minister of Energy and Mineral Development, said in a video clip posted on the social media platform X that there is no justification for increasing prices. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Uganda's Minister of Energy and Mineral Development, Ruth Nankabirwa, has urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.

  • Uganda National Oil Company (UNOC) assures steady supplies, stating that even if the Middle East route becomes inaccessible, alternative sourcing methods are in place.
  • The Minister of Energy and Mineral Development, Ruth Nankabirwa, directly appealed to the companies.
  • Uganda imports approximately 2.5 billion liters of petroleum products annually, valued at about 2 billion U.S. dollars.

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Part of the Day's Coverage

Kenya halves US debt in a year on accelerated payments - March 2026

Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending. Kenyan ministries are set to see an 11.3 percent increase in their budgets, totaling an additional Sh287.4 billion for the 2025/26 financial year due to mounting spending pressures. In Uganda, Minister of Energy and Mineral Development Ruth Nankabirwa urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.

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