{"id":55089,"date":"2023-09-06T09:47:25","date_gmt":"2023-09-06T09:47:25","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike"},"modified":"2023-09-06T11:17:23","modified_gmt":"2023-09-06T11:17:23","slug":"parliament-tasks-govt-on-fuel-reserves-amid-price-hike","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike","title":{"rendered":"Parliament tasks govt on fuel reserves amid price hike"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Speaker of Parliament Anita Among has called on government to set up regional fuel reserves as a measure to cushion Ugandans against the impact of increasing fuel prices in the country.<\/p>\n

She said that the reserves will also help cushion the country from eminent erratic fuel shortages.<\/p>\n

\u201cThe fuel prices have gone up; what is the government\u2019s immediate, medium- and long-term plan to address the escalating prices?\u201d the Speaker wondered during Tuesday plenary session.<\/p>\n

\u2018\u2019The fuel reserves in Jinja alone are not sufficient; We require regional fuel reserves given the ever rising demand for fuel,\u2019\u2019 she added.<\/p>\n

The Speaker was responding to a statement by the Minister of State for Energy, Mr Sidronius Okaasai, to the House on the unmitigated spike in fuel prices.<\/p>\n

In his statement, Minister Okaasai said the global factors beyond Uganda\u2019s making are behind the spike, and that there is not much his ministry can do.<\/p>\n

\u201cThe surge in global oil demand to record levels, especially during the summer season in Europe and the United States, has put immense pressure on oil prices; thus high demand, driven by seasonal factors and increased economic activity, has contributed significantly to the recent spike in fuel prices worldwide,\u201d he said.<\/p>\n

However, this did not go down well with the legislators.<\/p>\n

Mr Ibrahim Ssemujju Nganda (FDC, Kira Municipality) asked Mr Okaasai about the much talked about fuel reserves, saying short of solutions, Parliament should not entertain the statement.<\/p>\n

\u201cHe [Minister Okaasai] should come here and tell us what happened to the reserves, short of which I move a motion without notice for Parliament to reject the statement,\u201d he said.<\/p>\n

In her guidance, Ms Among argued that whereas pricing in a free market economy like Uganda is dependent on demand and supply, government should devise means of preventing the erosion of disposable income of many Ugandans, which may lower their living standards.<\/p>\n

She further asked the government to develop a tangible plan to scout around the hikes in prices, instead of folding hands and allowing market forces to determine what becomes of Ugandans.<\/p>\n

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

Africa-Press – Uganda. Speaker of Parliament Anita Among has called on government to set up regional fuel reserves as a measure to cushion Ugandans against the impact of increasing fuel prices in the country. She said that the reserves will also help cushion the country from eminent erratic fuel shortages. \u201cThe fuel prices have gone […]<\/p>\n","protected":false},"author":84,"featured_media":55088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,258],"tags":[233,240,234],"class_list":["post-55089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nParliament tasks govt on fuel reserves amid price hike - Uganda<\/title>\n<meta name=\"description\" content=\"Speaker of Parliament Anita Among has called on government to set up regional fuel reserves as a measure to cushion Ugan ...\" \/>\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\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament tasks govt on fuel reserves amid price hike\" \/>\n<meta property=\"og:description\" content=\"Speaker of Parliament Anita Among has called on government to set up regional fuel reserves as a measure to cushion Ugan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike\" \/>\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=\"2023-09-06T09:47:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-06T11:17:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1693982645.764484.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\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Parliament tasks govt on fuel reserves amid price hike\",\"datePublished\":\"2023-09-06T09:47:25+00:00\",\"dateModified\":\"2023-09-06T11:17:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike\"},\"wordCount\":365,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1693982645.764484.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/parliament-tasks-govt-on-fuel-reserves-amid-price-hike\",\"name\":\"Parliament tasks govt on fuel reserves amid price hike - 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