Countries like Uganda, Kenya and many more are likely to face an economically criss every since when America and lsreal went to war with Eran the greatest fuel supplier in the world. whoever this has lead to an economically criss world wide since when Isreal closed the major fuel transportation routes, Omosi where the fuel ships pass which has lead to the sky rocketing fuel prices and by now the USA dollar has raisen to 4000 Ugx shillings.
Uganda is one of the countries that have started to face an economically criss since its petrolium comes from the mind East through Kenya, and by today morning most fuel stations had rapidly increased the fuel prices, diesel at 7080 shs and petro at 6810 shs however this has started to worry many Uganda trades due to the hiking commodity prices in a short period of time.
However, the government of Uganda, through its minister, Ruth Nankabirwe confirmed that the fuel in the country is enough, that the government has over 25 uh million litres that willgo for 38 days and diesel will take us for 51 days not not 26 days. She continued to request that the esteemed consumers should be really comforted that you know is planning strategically to make sure that the country is kept to wait, and a caution to them not to really use this opportunity to escalate pump prices.
Meanwhile, after her address, the fuel companies raised the price, and at some pumps, diesel is at 7130 shs, and petrol at 6,960 shs, which has caused a rapid price increase in transport and commodities. According to Mike Mukula, one of the petroleum importers says that fuel prices are likely to increase since the USA Dollar increased by 4000 Ugx shillings hense leading to the high cost of fuel and is calculations they are likely to send much money transporting the petroleum form the coast to Uganda. Also, the prices of petroleum in most countries where the trucks get fuel are higher.
whoever the public service vehicle drivers and bodaboda riders have request the government to help them to ask the banks to reduce on the intrest rates since they are struggling to get the money for the banks and their bosses since most of the taixs uses around 150000 ugx shillings for petro and 120000 ugx shillings daily to they bosses, yet the customers aren't willing to pay twice the usual amount.
Meanwhile the opposition leader on the floor of parliament Jowelo Senyonyi questioned the house and the government on how its going to hand this fuel criss since our nieghbour Kenya is going for general elections and since the last elections Kenya citizens closed the transportation routes which lead to shortage of fuel in Uganda. He contiened to go against the soverignty bill since the Governor of bank of Uganda DR Micheal Atingi-Ego said that this bill is going to lower the economically of Uganda since Uganda used to get most of it Aids from foregin governments.
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