Uganda’s Uganda National Oil Company (UNOC) says it has secured significant incoming fuel shipments, while Energy Minister Ruth Nankabirwa has cautioned Oil Marketing Companies against increasing pump prices at this time.

Speaking at UNOC’s 9th Annual General Meeting (AGM), the Minister provided an update on Uganda’s fuel supply situation amid ongoing global tensions. She noted that UNOC has arranged shipments from multiple sources to ensure stability.

Reported Fuel Volumes

According to statements from the Minister:

Petrol: about 283 million litres
Diesel: about 183 million litres
Jet A-1 fuel: about 25 million litres

These volumes are intended to sustain national consumption in the coming weeks, ensuring that Uganda’s fuel needs are met while new shipments arrive. Minister Nankabirwa also noted that UNOC has sourced these fuels from multiple international suppliers, reducing reliance on high-risk routes and ensuring continuity even amid global uncertainties.

Minister Urges Against Unjustified Price Hikes

Minister Nankabirwa emphasized that current supply levels do not justify any increase in fuel prices. She said the government is monitoring market behavior to prevent consumers from being exploited.

Authorities also plan to continue engaging with Oil Marketing Companies to ensure pricing aligns with actual supply conditions.

UNOC AGM Highlights

The Minister’s remarks came during UNOC’s 9th AGM, attended by key government officials including Matia Kasaija, the Minister of finance, planning and economic development, Eng. Irene bateebe, Permanent Secretary, ministry of energy and mineral development, the office of the Auditor General, as well as UNOC’s Board of Directors and Executive Committee.

Shareholders approved the company’s annual report and audited financial statements. They reportedly expressed satisfaction with UNOC’s performance in revenue generation, governance, and risk management.

Progress in Uganda’s Oil Sector

The Minister also highlighted updates on Uganda’s oil projects, including; Over 137 wells drilled at Tilenga, 14 wells at Kingfisher, Continued development of the East African Crude Oil Pipeline, the Kenya Pipeline Company shareholding secured, and advancements on the refinery project.

She noted that UNOC remains central to delivering long-term value for Ugandans as First Oil approaches.

Government Maintains Oversight

While global uncertainties continue, the government and UNOC stress that fuel supply is being actively monitored. Consumers are encouraged to stay informed through official channels.