Uganda will start importing fuel directly from next month in a deal with Vitol Bahrain which the country hopes will supply cheap petroleum products.Energy and Mineral Resources Minister, Ruth Nankabirwa, told oil marketers in a circular that Uganda National Oil Company’s (Unoc) maiden cargo of super petrol and diesel would arrive between June 18 and 26.Uganda has negotiated prices with Vitol Bahrain in the hope of lowering pump prices below the current rates that are largely determined by the deal that Kenya signed with three Gulf oil majors.The start of Unoc’s direct fuel imports marks an end to decades of relying on Kenya for the critical commodity, either through the Open Tender System (OTS) or the current government-backed deal.
“I am aware that the government of Kenya has shared the agreed vessel import schedules indicating the delivery date ranges for the first Unoc cargo for petrol and diesel between June 18-26 June for AGO (diesel) and June 22-24, 2024 for PMS (super petrol) alongside government-to-government vessels including a portion of products destined for Uganda,” Ms Nankabirwa said.