Uganda Rules Out Fuel Subsidies as Prices Jump as Much as 19%
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Uganda won’t introduce fuel subsidies even after pump prices spiked following supply disruptions partly caused by Russia’s invasion of Ukraine.
Subsidies and lowering the fuel tax would cost government much-needed revenue and increase the need to borrow, Moses Kaggwa, an acting director at the finance ministry, said Thursday in the capital, Kampala. The Treasury receives 1,450 shillings ($0.41) from every liter of gasoline, he said.