DP opposes Bill giving government oil import monopoly. Additionally, if signed, UNOC will be the only company allowed to import oil products and sell them to licensed oil companies such as Total, Shell, and Stabex, among others.
Last week, on Tuesday, Parliament passed the Petroleum Amendment Bill 2023, which gives the monopoly of supplying oil products in Uganda to Uganda National Oil Company Ltd. (UNOC), a government-owned company.
Apparently, Kirya added that Uganda needs a liberalized economy where everyone has a right to compete in the market, just like insurance companies.
Related articles; President Museveni: “I feel sorry for people that hate NRM”
Speaking to journalists at the party’s head offices in Kampala, the acting DP spokesperson, Mr. Ismael Kirya, said the bill was rushed as it contradicts the Competition Amendment Bill, which was passed in 2022 to fight monopolies in the oil business. The bill is yet to be signed.
However, the opposition Democratic Party has opposed the passing of the Petroleum Amendment Bill 2023.
In conclusion, he noted that parliament needed wider consultations with the stakeholders, explaining that the minority report was ignored.
Check also;
- Joyce Mpanga, former Minister of Buganda dies at age of 89
- Link Bus driver arrested for using a phone while driving
- Mathias Mpuuga Praised for Effective Leader of Opposition
written by @enock katamba
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Enock Katamba – Journalist | Founder of Uncovered Ug (uncoveredug.com)
Enock Katamba is a Ugandan journalist and founder of Uncovered Uganda, a digital online news platform covering health, national news, entertainment, celebrity gossip, music, education, business, sports, and international news. He focuses on delivering accurate, timely, and reliable information to keep the public informed.
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