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February 24, 2024
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Rubis energy launched, players cautioned on high levels of competition in the sector

Players in petroleum supply have been encouraged to brace themselves for high levels of competition in the fuel distribution sector.

The commissioner of petroleum supply and distribution in the ministry of energy Reverend Frank Tukwasibwe says, there are no incentives like tax waivers for such players at the moment. He disclosed during the launch of Rubis energy in Uganda.

The fuel distribution supply chain in Uganda has grown over the years with players expanding and others exiting the market because of low sales while others are doing it at will.

This is not likely to change according to the commissioner of petroleum supply and distribution in the ministry of energy and mineral development.

Because of this, the new entrant into the fuel distribution sector Rubis Energy has been advised to offer maximum value for money for customers so as to beat off the competition.

Rubis Energy managing Director East Africa Jean Christian Bergeron says the group will leave up to the task.

The private sector Foundation Executive Director Gideon Badagawa, commended Rubis energy for aligning with the notion of sustainable business that will not only create jobs for the young people, but also expand Uganda’s tax base 

The energy player Rubis, which has invested in over forty countries, across the world, has turned to Uganda and acquired Kobil and Delta energies in Uganda prior its official launch. It is expected to offer fuel and Cooking gas as well as other services of repair and maintenance of vehicles.

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