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  • Hoarding Fuel? Lose Your License, Uganda Warns Oil Marketing Companies
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Hoarding Fuel? Lose Your License, Uganda Warns Oil Marketing Companies

Senior Reporter 5 months ago (Last updated: 5 months ago) 2 minutes read
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KAMPALA – The Government of Uganda has warned that any Oil Marketing Company (OMC) operating within the country that is found guilty of hoarding fuel will face immediate revocation of its operating license.

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The stern and unequivocal warning was issued by the Minister of Energy and Mineral Development, Ruth Nankabirwa, on Tuesday, April 28, 2026, following the current hike in fuel prices in the country.

Nankabirwa confirmed that Uganda’s fuel supply remains stable, secure, and fully under control, despite isolated operational issues at a few retail stations, with robust stock levels already in place.

The Minister stated that through the Ministry and the Uganda National Oil Company, the government has scheduled the delivery of over 385 million litres of fuel between May and mid-June alone.

“Our fuel supply in Uganda is stable, secure, and fully under control, even though a few stations have had some problems. Through our entities, we have arranged to bring over 385 million litres of fuel between May and mid-June. This is more than enough for the country, so there is no reason to panic or create false shortages,” confirmed Minister Nankabirwa.

The Minister issued a stern warning to all Oil Marketing Companies that any temporary stock-outs at a few stations are purely operational issues and must not be mistaken for national shortages.

The government has laid down clear mandatory rules for all fuel distributors, including non-negotiable compliance with distribution guidelines, strict pricing discipline, and responsible stock management.

Minister Nankabirwa confirmed that the government will not hesitate to take decisive action against hoarding, speculative pricing, and illicit trade in order to protect market stability.

“Empty fuel pumps at a few stations are just local problems, not a national shortage. All fuel distributors must follow our clear rules on sharing fuel fairly, setting right prices, and managing their stocks responsibly. We will act strongly against anyone who hoards fuel, overcharges customers, or trades illegally to keep our market stable,” the Minister warned.

Fuel prices in Uganda have risen in recent days, with some allegations pointing to the war between the US and Israel against Iran as the cause of the global tensions driving prices up.

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