{"id":24853,"date":"2022-01-18T18:33:33","date_gmt":"2022-01-18T18:33:33","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=24853"},"modified":"2022-01-18T16:23:48","modified_gmt":"2022-01-18T16:23:48","slug":"fuel-prices-to-remain-high-for-two-weeks-say-experts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts","title":{"rendered":"Fuel prices to remain high for two weeks, say experts"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Three top fuel dealers have said the country will continue to experience fuel shortages and that prices will remain high for at least another two weeks.<\/p>\n

Two of the dealers spoke off record while the director of Stabex, Mr Gilbert Otim, yesterday explained that many dealers had stocked fuel bought expensively, so it would not make business sense even if the trucks at the eastern border of Malaba and Busia arrived in town.<\/p>\n

\u201cI don\u2019t foresee the drastic drop of fuel prices as people think because some companies have stock which they bought expensively. They cannot change the price of this expensive stock immediately since they will want to recover the money lost due to the strike,\u201d Mr Otim said yesterday.<\/p>\n

\u201cI don\u2019t think everything will normalise in the shortest time possible because there are operational costs that have already been incurred by petroleum companies, for example, paying of the drivers\u2019 daily per diems even when they were not moving,\u201d he added.<\/p>\n

Mr Otim also said retailers feel the pinch of the fuel crisis whenever there is a problem in the chain link.<\/p>\n

\u201cWe as retailers are affected right from when the international fuel prices go up. The prices set by refineries affects us automatically. The jam at the border affects us because the price of the bulk fuel will go up, forcing we the retailers to also increase it,\u201d he said.<\/p>\n

On what should be done to prevent similar situations, Mr Otim said more engagements should be done right from the Energy ministry.<\/p>\n

He advises the ministry to work closely with fuel dealers and know what is happening on ground.<\/p>\n

\u201cThey need to visit border points, especially Malaba and Busia, and see what truck drivers go through and find solutions to their problems,\u2019\u2019 he said.<\/p>\n

Mr Solomon Muyita, the spokesperson of the Energy ministry, said the country on average uses 6.5 million litres of fuel per day and about 200 million litres per month.<\/p>\n

This, he said, means the fuel in the reserves cannot be enough in such a crisis.<\/p>\n

Mr Muyita said there is a plan by government to put up a big storage terminal in Mpigi District, primarily for purposes of storage of fuel from the refinery that government is going to put up in Hoima District. He added that there are future plans to have a reserve in each region.<\/p>\n

Compiled by Daniel Kibet, Ali Mivule, Esther Oluka & Anthony Wesaka<\/b><\/p>\n

[email protected]<\/b><\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Three top fuel dealers have said the country will continue to experience fuel shortages and that prices will remain high for at least another two weeks. Two of the dealers spoke off record while the director of Stabex, Mr Gilbert Otim, yesterday explained that many dealers had stocked fuel bought expensively, so […]<\/p>\n","protected":false},"author":84,"featured_media":24852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,240,234],"class_list":["post-24853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nFuel prices to remain high for two weeks, say experts - Uganda<\/title>\n<meta name=\"description\" content=\"Three top fuel dealers have said the country will continue to experience fuel shortages and that prices will remain high ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel prices to remain high for two weeks, say experts\" \/>\n<meta property=\"og:description\" content=\"Three top fuel dealers have said the country will continue to experience fuel shortages and that prices will remain high ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-18T18:33:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/01\/img-61e6e97ae2535.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fuel prices to remain high for two weeks, say experts\",\"datePublished\":\"2022-01-18T18:33:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts\"},\"wordCount\":429,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/01\/img-61e6e97ae2535.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/fuel-prices-to-remain-high-for-two-weeks-say-experts\",\"name\":\"Fuel prices to remain high for two weeks, say experts - 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