The Minister of Energy and Mineral Development Irene Muloni has confirmed that the government has no thoughts to cut on fuel taxes as a measure to lower the current high commodity prices.

According to the energy minister, the government last changed the taxes on fuel over two years ago.

She says that the current taxes if reduced will greatly affect government revenue collections, which revenue funds government activities and facilitates development.

Muloni is appealing for patience from nationals of Uganda as the government tries to solve the current economic woes, including high fuel prices.

She also says Uganda will soon start producing and refining her own fuel from the Bunyoro oil reserves and the fuel prices will go down, in addition to boosting the country’s export earnings through oil products exports.

A cross section of MPs had earlier on appealed to the government to cut fuel prices which they say are responsible for the high prices of most goods and services.

Ultimate Media