Media Releases

UNOC Statement on the Temporary Disruptions in the Supply of Petroleum Products

Oil & Gas in Uganda

Published: October 2, 2026

3rd June 2025

Kampala – The Uganda National Oil Company (UNOC) wishes to update the public on the current status of petroleum product supply across the country.

In recent days, some areas within the country have experienced a slight increase in retail pump prices especially that of Petrol. This development has largely been due to logistical challenges in product deliveries through the Kenyan route within May 2025.

To safeguard national supply, UNOC undertook contingency measures, including the importation of about 35 million litres of the petroleum products through the Tanzanian route. While this ensured continued product flow and availability, the longer transit distance and associated transportation costs have had a marginal impact on pump prices.

As of 2 nd June 2025, over 90 million litres of petroleum products are available within the Kenya Pipeline system allocated to Ugandan Oil Marketing Companies (OMCs), of which, 53 million litres is petrol currently being loaded by the OMCs for delivery to Uganda. Furthermore, from 6 th to 8 th June 2025, an additional 200 million litres of product, comprising petrol, diesel, and Jet A-1, will be received into the Kenya Pipeline system and made accessible to OMCs.

This steady incoming supply, coupled with a recent drop in global Platts prices and a favourable exchange rate, is expected to restore supply consistency across the country and stabilize the retail pump prices in the coming days.

UNOC remains fully committed to ensuring security of supply of petroleum products and is working closely with relevant stakeholders, both local and regional, to minimize any further disruptions.

We thank the public for their patience and continued trust.

Media Releases

Official Statement Regarding the Alleged Acquisition of UNOC by Peace Oil and Gas Company Limited

Oil & Gas in Uganda

Published: October 2, 2026

Our attention has been drawn to documents circulating on social and print media, originating from Peace Oil and Gas Company Limited as resolutions made by the Board of Directors of Peace Oil and Gas Company Limited (dated 3rd October 2023) to initiate a formal acquisition intention to Uganda National Oil Company Limited (UNOC). The documents further indicate that Peace Oil and Gas Company Limited has been authorized by its Board to draft documents required for the acquisition of UNOC including undertaking due diligence, negotiating the acquisition, and signing of transaction documents (that would be approved by the relevant departments of the Ugandan Government) among others.

We wish to inform the public that UNOC was established under Section 42 of the Petroleum (Exploration, Development and Production) Act and Section 7 of the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act, both of 2013. It was incorporated under the Companies Act of 2012 as a limited liability company wholly owned by the Government of Uganda with the Minister of Energy and Mineral Development holding 51% shares and the Minister of Finance, Planning and Economic Development holding 49% shares. The Company’s overall function is to manage the State’s commercial interests in the petroleum sub-sector.

The commercial participating interests and shareholding levels of UNOC in the various oil and gas projects across the petroleum value chain have been established by legislation through Acts of Parliament and/or approval of Cabinet. Therefore, any assignment or transfer of UNOC’s participating interests and shareholdings to another entity can only be considered through the relevant approvals and legal instruments that established UNOC.

UNOC would like to categorically state that its Shareholders, Board of Directors, and Management have not at any time considered any offer from Peace Oil and Gas Company Limited to acquire UNOC or its commercial participating interests in the oil and gas projects.

UNOC hereby strongly disassociates itself from the alleged transaction by Peace Oil and Gas Company Limited and considers the claims to be a fraud done in bad faith with the intention to discredit the Government of Uganda and damage the reputation of UNOC. We wish to advise the public to disregard the claims made by Peace Oil and Gas Company Limited, and that UNOC has issued fraud alerts on its social media platforms to this effect.

UNOC is committed to transparency, accountability, and the highest ethical standards and any malicious claims or criminal acts are treated seriously and will be handled by the appropriate measures they deserve.

MANAGEMENT

For more information contact:
Sarah Birungi Banage
Head of Corporate Affairs
UGANDA NATIONAL OIL COMPANY LIMITED

Email: [email protected]; [email protected]

Media Releases

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Published: October 2, 2026

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