{"id":71658,"date":"2024-04-21T07:32:47","date_gmt":"2024-04-21T07:32:47","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/burundi-kenya-only-countries-with-more-expensive-fuel-than-uganda-in-eac"},"modified":"2024-04-21T08:25:06","modified_gmt":"2024-04-21T08:25:06","slug":"burundi-kenya-only-countries-with-more-expensive-fuel-than-uganda-in-eac","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/burundi-kenya-only-countries-with-more-expensive-fuel-than-uganda-in-eac","title":{"rendered":"Burundi, Kenya only countries with more expensive fuel than Uganda in EAC"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Uganda currently has the third most expensive fuel in the East African region, according to a global fuel price tracker.<\/b><\/p>\n

A comparison by GlobalPetrolPrices.com – a site that tracks fuel prices globally \u2013 indicates that a litre of petrol in Uganda costs an average of $ (Shs5,529), which is slightly lower compared to Kenya and higher than what is charged in Tanzania.<\/p>\n

In Kenya, a litre of petrol goes for an average of $1.522 (Shs5,799), while in Burundi and Rwanda, it costs $1.516 (Shs5,777) and $1.363 (Shs5,194), respectively.<\/p>\n

DR Congo and Tanzania have the cheapest petrol price with a litre going for an average of $1.156 (Shs4,405) and $1.26 (Shs4,801), respectively, according to GlobalPetrolPrices.com.<\/p>\n

Across the continent, Zimbabwe has the highest petrol prices standing at $1.69 (Shs6,440), while at the global scale, Hong Kong stands out with a litre of petrol going for an average of $3.184 (Shs12,133).<\/p>\n

The tracker does not provide price data for both petrol and diesel in South Sudan, which is also a member of the East African Community.<\/p>\n

Data further indicates that DR Cong has the lowest prices in the region for diesel, with litres going for $1.152 (Shs4,389). It is followed by Tanzania and Rwanda with a litre going for $1.239 (Shs4,721) and $1.301 (Shs4,957), respectively.<\/p>\n

In Uganda, a litre of diesel costs an average of $1.303 (Shs4,965).<\/p>\n

In East Africa, GlobalPetrolPrices.com data indicates that Kenya has the highest price for diesel with a litre costing an average of $1.487 (Shs5,666). Kenya is followed by Burundi with a litre going for an average of $1.476 (Shs5,624).<\/p>\n

Fuel prices remain a sticky issue across East Africa with an upward price movement impacting growth of the region and in particular economic health of member states.<\/p>\n

In Uganda, fuel prices are expected to increase in the 2024\/25 financial year, starting in July due to new taxes, which have been proposed for all consumption categories.<\/p>\n

Early this month, government tabled new tax bills, among which proposed an increase in levies charged in petrol diesel and kerosene.<\/p>\n

Under the new tax proposals, the levy on every litre of petrol will increase by Shs100, from Shs1,450 per litre to Shs1,550.<\/p>\n

The bills further propose an increase of excise duty on diesel and kerosene, which effective July, will increase from Shs1,130 to Shs1,230 – an increase of Shs100 \u2013 and Shs200 to Shs500, respectively.<\/p>\n

Analysts have already indicated that the proposed increments will impact fuel prices at a time when they had started dropping to pre-Covid-19 period.<\/p>\n

However, the prices have in recent days moved northwards due to the impact resulting from a sharp depreciation of the shilling against the dollar since January.<\/p>\n

Prices of fuel across East Africa relate to taxation regimes, many of which depend on fuel levies as some of their biggest sources of tax.<\/p>\n

In Africa, Libya and Angola have the lowest fuel prices with a litre of petrol going for $0.031 (Shs118.1) and 0.36 (Shs1,371), respectively, while a litre of diesel costs $0.031 (Shs118.1) and $0.162 (Shs617.3), respectively, according to GlobalPetrolPrices.com.<\/p>\n\r\n