Kampala– President Yoweri Kaguta Museveni has again stated that his government will not reduce taxes on fuel or provide subsidies for other essential commodities which are experiencing run away price increases.
In a televised address on Wednesday evening, Museveni said the lasting solution to the current high prices of petroleum products lies in Uganda embracing electric cars, motorcycles and the use of trains.
By reducing taxes Museveni said, they would be providing a wrong solution to the problem which he attributed to among others the ongoing war between Russia and Ukraine and to the decision by much of the Western world to start moving away from fossil fuels.
“When this was passed as declaration, the oil companies which were looking for petroleum stopped because petroleum will be phased out. Because of no more exploration, the little fuel, that is there is very expensive.
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