Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …
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Addis Ababa, Ethiopia | Xinhua | The Ethiopia Ministry of Trade and Regional Integration (MoTRI) has announced a decision to hike gas prices by 16 percent starting Sunday. The ministry said in a press statement released Saturday evening that the price hike would see gas prices rise from 31.74 Ethiopian …
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Abuja, Nigeria | airspace-africa | The fuel crisis in Nigeria’s aviation industry has become untenable. In a letter penned by the President of the Airline Operators of Nigeria(AON), Abdulmunaf Yunusa Sarina, and sent to the Minister of Aviation, Senator Hadi Sirika, airline industry operators have signaled their intent to down tools …
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Hoima, Uganda | THE INDEPENDENT | The prices of fuel products in Uganda will be determined by the market forces of demand and supply even when the country starts producing its own petrol, diesel and kerosene or others. How much Ugandans buy petroleum products will, therefore, depend on what is happening …
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Kampala, Uganda | THE INDEPENDENT | Lawmakers have demanded that government pronounces herself on the rising prices of essential commodities including soap, sugar, cooking oil and fuel. Raising on a matter of national importance during plenary on Thursday, 10 March 2022, Nakaseke South County MP, Paulson Luttamaguzi said a bar of soap …
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Gulu, Uganda | THE INDEPENDENT | Gulu city is choking on unpaid debt of 3.8 Billion Shillings. The money is meant for the payment of utility bills like electricity and water supplies for the various offices, allowances for elected leaders, and fuel among others. Alfred Okwonga, the Gulu City Mayor says …
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Busia, Uganda | THE INDEPENDENT | The traffic situation at the Busia border post on the Uganda-Kenya border has now normalized, while the backlog at the Malaba post is due to be cleared by the end of this week, according to Uganda Revenue Authority (URA). This follows more than two …
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Kampala, Uganda | THE INDEPENDENT | Oil marketing companies in Uganda have petitioned the Ministry of Finance to intervene in a tax dispute with Uganda Revenue Authority. Recently, URA wrote to the companies demanding that they remit 15 per cent withholding tax on all foreign transport payments incurred over the years …
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BUSINESS FEATURE | THE INDEPENDENT | Rising fuel prices typically force businesses in the transport and logistics industry to either raise prices for their services or suffer a financial loss. If the prices continue to increase, the trucking companies, couriers, and packaging material providers will have no option but to increase …
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Jinja, Uganda | THE INDEPENDENT | Members of Parliament on the trade, industries and tourism committee want the government to enact laws that will foster consumer protection within the fuel industry. While inspecting the oil reserves on Friday in Jinja City, the MPs said that there was hoarding of fuel …
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The Independent Uganda: You get the Truth we Pay the Price