The Ministry of Energy and Mineral Development (MEMD), together with the Uganda National Oil Company (UNOC), reassured the public that Uganda’s petroleum supply remains stable despite ongoing global market disruptions caused by geopolitical tensions in the Middle East
Speaking during a media briefing at the Uganda Media Centre, the Permanent Secretary, Eng. Irene Bateebe, explained that rising international crude oil prices, freight charges and insurance costs have contributed to recent increases in retail fuel prices across the region.
She, however, emphasized that Uganda continues to maintain adequate fuel stocks through strategic supply diversification.
UNOC has secured alternative supply sources from West Africa, Europe, India and the Americas, helping to cushion the country against disruptions affecting traditional supply routes. The Ministry also highlighted ongoing investments aimed at strengthening long-term energy security, including expansion of national fuel storage infrastructure, development of the Uganda Refinery Project and preparations for the Third Petroleum Exploration Licensing Round. MEMD reaffirmed its commitment to working with industry stakeholders to ensure reliable fuel supplies and safeguard consumers from unfair market practices.
