Ugandan MPs approve bill giving government oil import monopoly

Fuel trucks destined for Uganda queue at Matayos on the Kisumu-Busia highway awaiting clearance into Uganda on October 12, 2021. PHOTO | DAILY MONITOR

Photo credit: File

Ugandan parliament on Tuesday passed the Petroleum Supply (Amendment) Act, 2023 granting Uganda National Oil Company (Unoc), a monopoly on supplying petroleum products.

This comes against warnings that the move could instead worsen the problem it is intended to cure.