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 last evening, Mr. 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.
On the high prices of cooking oil and other products, President Museveni still blamed external factors that he said interrupted the global flow from countries such as Malaysia and Indonesia which are some of the biggest producers of palm oil.
As a solution, Museveni said, his government is going to intensify its promotion of palm oil growing in areas such as Kalangala, Buvuma and Maruzi.
He asked Ugandans to know the difference between high prices and shortage, and subsidizing this danger, people will continue buying more and more after creating an artificial comfort for them to think things are normal yet they are not normal. END