Rising fuel prices in Uganda, currently ranging from $1.68 to $1.89 per litre, are significantly impacting the cost of goods and services. The increases, observed throughout the second quarter of 2026, pose a threat to the Central Bank’s inflation targets. Data from the Uganda Bureau of Statistics (UBOS) indicates fuel is a primary driver of the increasing average prices. This situation is creating economic pressure on consumers and businesses alike. The ongoing fuel price volatility necessitates close monitoring by the Central Bank. Further increases could undermine efforts to maintain economic stability and control inflation within desired parameters. The Independent Uganda first reported the concerning trend.