Transporters and traders have raised concern over rising fuel prices in Uganda, calling on the government to intervene.
A litre of petrol currently goes for between Shs 5100 and Shs 5300 wile that of diesel costs between Shs 4700 and Shs 4900 at various fuel stations. This is an increment of about Shs 200 over the last two months.
The traders say the increases are already affecting the cost of transport and the movement of goods and services across the country.
Rashid Ssekindi, chairperson of the Federation of Uganda Taxi Operators Association (FUTOA), said although global tensions such as the ongoing conflict between the United States and Iran have contributed to the price hikes, government action is needed.
“We understand that international events are affecting fuel prices, but the government should come out clearly and regulate fuel dealers, at least to ensure a standard price,” Ssekindi said.
He warned that without intervention, transporters may be forced to raise fares.
“If this is not done, we are likely to increase transport fares, which will ultimately affect passengers and the wider economy,” he said.
Ssekindi also accused some fuel stations of exploiting the situation by setting their own prices.
“I am aware that some petrol stations have set arbitrary fuel prices, taking advantage of the current crisis. This should stop,” he added.
Francis Mawejje, chairperson of the Uganda Boda Boda Association, expressed similar concerns, saying rising fuel costs are putting pressure on riders.
“If the situation continues, we will have no option but to increase transport charges,” Mawejje said.
He noted, however, that some riders are less affected after switching to electric motorcycles.
“Those who have embraced electric motorcycles are not feeling the impact as much. I urge fellow riders to adopt this alternative,” he said.
Meanwhile, Edward Ntale, chairperson of the Uganda Traders and Entrepreneurs Association (UTEA), said the conflict in the Middle East is already affecting trade flows.
Ntale said traders dealing in coffee and other exports to the Middle East and the Arab world are feeling the impact.
“These conflicts happen from time to time, but we must always find alternatives to overcome such disruptions,” he said.
He called for long-term strategies to shield Uganda’s economy from global shocks.
