Ugandan Minister attributes fuel price rise to exchange rate and new excise duties
What happened
Minister Monica Musenero stated to Parliament that the rise in fuel pump prices in Uganda is due to international petroleum prices, supply-chain costs, and domestic factors. She noted that the exchange rate movement, from roughly 3,790 to 4,035 Ugandan Shillings per US Dollar, added an estimated 300 Ugandan Shillings per litre to the cost. Musenero also cited the Excise Duty (Amendment) Act, 2026, which increased the excise duty on petrol and diesel by 200 Ugandan Shillings per litre starting July 1.
From independent.co.ug
Why it matters
The statement explains the drivers behind fuel price inflation in Uganda, linking it to global oil costs and domestic policy changes. The combination of currency depreciation, increased taxation, and global oil costs directly impacts the cost of petroleum products in the domestic market.
From independent.co.ug
Who's involved
- Monica MuseneroMinister of Energy for Uganda, who presented the statement to Parliament
- Parliament of UgandaThe legislative arm of Uganda where the statement was presented
- UgandaThe country experiencing the current fuel price pressures
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- UgandaSpeculative
Consumers and businesses in Uganda might face increased operating costs due to higher fuel prices.
- governmentSpeculative
The government might face economic pressure related to rising fuel costs and the implementation of new excise duties.
Keep exploring
The entities involved
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parliament
legislative body of government
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Monica Musenero
Ugandan veterinarian, microbiologist and epidemiologist
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Related events
- Parliament in Eswatini received the budget presentation today.
- An MP raised an issue in Parliament, and the government subsequently outlined actions regarding that issue.
- MLA made statements during parliamentary discussions in New Delhi.
- Brooke van Velden spoke in Parliament regarding policy issues on September 22, 2026.
- The finance ministry provided a written response in Parliament on July 20, 2026.