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Uganda’s fuel pump prices set to reduce as shipping begins

Bethel | 95timefm


The Uganda Revenue Authority (URA) has said shipping petroleum products from Kenya by water will reduce fuel pump prices.

URA’s acting assistant commissioner in charge of the field services customs department, Geoffrey Balamaga says they are looking at a reduction in transport costs by 30 to 50 per cent which will lead to an ultimate reduction in fuel pump prices.

Mr Balamaga remarked after the maiden arrival of MV Kabaka Mutebi II with fuel from Kisumu to Bugiri, Bukasa, Wakiso district fuel terminal adding that the maiden trip had a trial test of 1.1 million litres of fuel which in the consequent trips will see the vessels bring in its full capacity of 4.5 million litres of petroleum products.

According to authorities, MV Kabaka Mutebi II left Uganda on December 21, 2022 to collect fuel for the first time from Kisumu.