Ugandan oil marketing companies have dismissed claims by government that they are involved in fuel hoarding and charging exorbitant prices to take advantage of the current situation.
In a statement on Sunday, the Sustainable Energies and Petroleum Association of Uganda (SEPA Uganda), the umbrella body representing licensed downstream oil marketing companies in Uganda, noted that the allegations are unfounded.
"The downstream petroleum sector in Uganda operates within robust compliance frameworks, supported by internal controls and continuous monitoring to promote transparency and accountability. Member companies are required to operate under strict regulatory oversight and to comply with all applicable laws, standards, and government directives," SEPA said in the statement.
