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 said that there are no incentives like tax waivers for such players at the moment.
He made the remarks as RUBiS Energy Uganda officially launched into the market following the successful acquisitions of Kobil and Delta.
“For the downstream petroleum, there is free and fair competition and so if you are looking for tax waivers, don’t come to the down stream petroleum sector. It is real business with free and fair competition,”he said.
Jean-Christian Bergeron, the Group managing director of RUBiS Energy East Africa told The NIle Post that they decided to enter the East African market based on the region’s high growth potential and the conviction that the proven expertise of RUBiS would bring extra value to all Ugandans.
“In addition to the acquisition of Kobil Uganda and Delta, we will continue to invest heavily in the market through modernisation of our existing retail outlets into state-of-the-art service stations,” he said.
He stated that they have a market network of 54 stations countrywide which are strategically located across the country, thus playing a key role in delivering quality products and services to all Ugandan customers in a safe environment.
He explained that RUBiS Energy is committed to delivering quality products and services to other business sectors in areas such as industry, agriculture, aviation and road infrastructure development.
Founded in 1990, RUBiS is an independent French operator specialising in three business areas: distribution of petroleum products, support and services, and storage.