Close Menu
The Opportunity News Tv
    Facebook X (Twitter) Instagram WhatsApp
    Trending
    • Can Drinking ‘more water’ really Protect Your Kidney? Know the Surprising truth about chronic kidney Disease, Hydration, and common Myths
    • Benn dominates Eubank Jr in boxing rematch to win middleweight clash
    • Late DR Congo goal edges Cameroon out of World Cup play-off final
    • South Africa announces plan to bid for 2036 or 2040 Olympic Games
    • Dangote extends continental dominance, seals $1 billion investment push in Zimbabwe
    • Kenya discovers largest gold deposit in decades, worth an estimated US$5.29 billion
    • Africa’s diamond powerhouses, Angola and Botswana are in talks to take over the world’s biggest mining brand
    • Somalia: IATA, FlydDubai and Ethiopian Recognise Somaliland Visa-On-Arrival As U.S. Confirms Somalia E-Visa Breach
    Facebook X (Twitter) Instagram
    The Opportunity News TvThe Opportunity News Tv
    Subscribe
    Friday, December 12
    • BUSINESS & ECONOMY
    • TECH & INNOVATION
    • EDUCATION
      • Seminar & conference
      • Internship & training
    • HEALTHCARE
    • GLOBAL POLITICS
    • JOBS
    • SCHOLARSHIP
    • CONTACT
    The Opportunity News Tv
    Home»Business & Economy

    Oil City Hoima unhappy as fuel prices hit sh10,000

    0
    By the Opportunity News Tv on January 17, 2022 Business & Economy
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Prime Minister Robinah Nabbanja reassured the country on Friday that fuel supplies will be restored to normal soon. “Government is aware of the public concerns about rising fuel prices, but would like to assure the country that we are not in a crisis. The hiccup at Malaba border was fixed. Prices should stabilize. Fuel dealers should not use this excuse to hike prices,” she said.

    This did not stop fuel prices going up on Friday to an all-time high of sh10,000 a litre of petrol, from sh4,590 while diesel prices went as high as sh7,000 . In Kampala, petrol is now selling between sh4,700 and sh5,500 a litre.

    The situation was tense by late Friday as most fuel stations reported that they had run out of fuel forcing the prices to escalate further.

    Only one petrol station situated in Kiryatete in Hoima West division had fuel in Hoima city by late Friday. Here, a litre of petrol was selling at sh12,000 and diesel at sh8,000.

    A pump attendant at Stabex fuel station who spoke to URN on condition of anonymity explains that they ran out of fuel on Thursday afternoon.

    Another pump attendant at Total petrol station who also spoke to URN on condition of anonymity noted that at their station, fuel got finished on Thursday evening at around 9 pm, a situation which has left motor vehicle and motorcycle owners stranded.

    Meanwhile, transport fares within the city have also quadrupled in some places, while it has gone up five-fold in others.

    Transport from Hoima business centre to Kinubi, a city suburb is now sh5,000 up from sh1,000 a day ago, and from Kibingo cell to Hoima City centre charges are now at sh6,000 up from sh1,000 , while transport from Bujumbura in Hoima East division to Hoima business centre is costing sh5,000 up from 1,000.

    Benon Ahebwa, a resident of Kiryatete, a Hoima suburb URN talked to wondered why fuel prices should only be hiked in Hoima yet other districts in the region are selling at sh4,590. He wants the government to intervene and investigate fuel station owners in the area.

    Godfrey Sebuufu, a bodaboda cyclist at the All Saints Church stage says that he has been compelled to abandon his motorcycle due to the skyrocketing fuel prices yet he has a loan to service. He questioned how much fuel Uganda has in the fuel reserves and how long the reserve can push the country.

    Micheal Bombo, a bodaboda rider at Supreme stage says he was shocked when he went to fuel his motorcycle at Kiryatete fuel station and he was told that a litre was at sh12,000 up from 4,590.

    Rogers Kahumuza, a bodaboda cyclist at Post bank stage says the situation has compelled them to hike their transport fares. He says transporting a passenger from Hoima business centre to Kinubi that used to be at 2,000 Shillings is now costing 5,000 Shillings.

    Mbabazi Muhereza another resident explains that the current condition is unbearable adding that the skyrocketing fuel prices could lead to an increase in the cost of other goods.

    Beatrice Kyaligonza, a resident of Kigorobya sub county says fuel is a major driver in the economy adding that if the situation persists it could lead to an increase in the different commodity prices and other necessities.

    Between October and November last year, the pump price for petrol skyrocketed from sh3,900 to sh4,600 while diesel increased from sh3,500 to 4,200. The situation compelled members of parliament to task the government to explain to the public the reason behind the skyrocketing fuel prices across the country.

    The price hikes aside, Hoima infastructure is set for the start of drilling first Ugandan oil in the region.

    Construction of the East African Crude Oil pipeline (EACOP) project that is 1,400km will start from Hoima in Uganda to Tanga Port in Tanzania.

    Source: https://www.independent.co.ug/

    the Opportunity News Tv
    • Website

    Keep Reading

    Dangote extends continental dominance, seals $1 billion investment push in Zimbabwe

    Kenya discovers largest gold deposit in decades, worth an estimated US$5.29 billion

    Africa’s diamond powerhouses, Angola and Botswana are in talks to take over the world’s biggest mining brand

    Cocoa Prices Pressured by Expectations of a Bumper Crop in West Africa

    Morocco seals deal to build Africa’s largest aircraft-engine assembly hub

    Zimbabwe partners with Chinese firms for construction of landmark $270m lithium plant

    Add A Comment
    Leave A Reply Cancel Reply

    Facebook X (Twitter) WhatsApp TikTok Instagram YouTube LinkedIn

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news  about art, design, business, etc. 

    © 2025 The Opportunity News & TV. Designed by Kesmondsdesigns.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.