President Yoweri Museveni’s government has followed through on its promise to attack Kenya.
The Petroleum Supply Amendment Bill 2023 was enacted by Uganda’s Parliament, which will terminate Kenyan corporations’ monopoly on fuel supply in the neighboring country.
During the bill’s debate, the chairperson of the Energy Committee, Emmanuel Otaala, emphasized that the bill will ensure that Uganda does not rely on Kenyan corporations acting as intermediaries.
He added that the oil was formerly imported by multinational firms and then sold to Kenyan companies, who then distributed it to numerous Ugandan petrol stations.
Otaala stated that the measure would harm its citizens since pump pricing would have to account for the profits produced by both international and Kenyan corporations.
As a result of the bill’s passing, which now awaits President Yoweri Museveni’s signature, the Uganda National Oil Company (UNOC) will be responsible with importing oil straight from refineries.
The oil will still be carried through Kenya, as it has been in the past.
However, the corporation will also look into new oil supply routes. Notably, Museveni stated that the country will investigate the possibility of transporting oil through Tanzania.
Uganda’s Energy Minister, Ruth Nankabirwa, stated that the bill’s passage would be revolutionary for their residents since it would end the cartel-like character that has dominated the business.
