Uganda National Oil Company (UNOC) Chief Corporate Affairs official Otoa has said that Uganda is well prepared to manage the current fuel situation despite rising pump prices and reports of shortages in parts of the country.
Fuel prices have been going up in recent days, with petrol averaging between about Shs5,595 per litre and diesel at around Shs5,290, while in some areas prices have reportedly climbed to Shs 6,000.
The increase has been linked to global supply disruptions, especially tensions affecting oil routes in the Middle East.
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Appearing on NBS Television's FaceOff, Otoa said Uganda's supply position remains stable compared to some neighbouring countries despite concerns.
"We are not going to run out of fuel like our neighbors. That's a clear distinction. We have our vessels lined up and coming in," Otoa said
He explained that Uganda changed its fuel sourcing model to widen supply options.
"Uganda, on the other hand, moved away from G2G and went global."
Otoa added that the country now works with international partners to secure fuel from different sources, including shipments coming in from India.
"Our mandate is clear. It's about two things. One is to make sure that there is fuel in the country at all times, and we have done that," he noted.
Despite the assurances, reports from several parts of the country indicate fuel shortages.
In Mbarara City, a number of fuel stations have closed, forcing motorists to queue for long hours at the few that are still open. Similar cases have been reported in Mbale and other towns.
There have also been concerns about some fuel dealers allegedly hoarding fuel and manipulating prices.
State Minister for Trade David Bahati told Parliament last week that government is monitoring the situation and will take action against those involved in distorting the market.
He said authorities can track fuel importers and buyers from UNOC and will follow up to ensure compliance and stable supply.
"The fuel is being brought in by UNOC, our government institution, and we know the list of people who buy from UNOC. So we know the people and at what price. So we are going to follow up to ensure that there is no price distortion in the market and also we have enough, to the extent possible, enough fuel stock," he said.