• Latest
Oil and Gas: Gov’t says 25% of Contracts Worth $1.73bn Awarded to Local Companies

Prices of Soap, Cooking Oil Likely to Drop- PS Ggoobi

3 years ago
Museveni Pledges $500bn Economic Leap, Rejects Politics of Age and Careerism

Museveni Pledges $500bn Economic Leap, Rejects Politics of Age and Careerism

10 hours ago
Museveni Duly Nominated as Sole Candidate for NRM Chairman and 2026 Flagbearer

Museveni Duly Nominated as Sole Candidate for NRM Chairman and 2026 Flagbearer

12 hours ago
Magogo Re-Elected FUFA President, Sets Bold Agenda for 2025–2029 Term

Magogo Re-Elected FUFA President, Sets Bold Agenda for 2025–2029 Term

12 hours ago
Pictorial: Vibe, Dance and Fanfare as Museveni Arrives for NRM Nomination

Pictorial: Vibe, Dance and Fanfare as Museveni Arrives for NRM Nomination

12 hours ago
TikTok Tops Traffic: A Snapshot of Uganda’s Social Media and Streaming Platform Usage

TikTok Tops Traffic: A Snapshot of Uganda’s Social Media and Streaming Platform Usage

1 day ago
Among Faces Kadaga as Key Contenders Vie for NRM Entrepreneurs League Vice Chair

Among Faces Kadaga as Key Contenders Vie for NRM Entrepreneurs League Vice Chair

1 day ago
SoftPower News
Sunday, July 6, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

Prices of Soap, Cooking Oil Likely to Drop- PS Ggoobi

by Muhamadi Byemboijana
June 3, 2022
Oil and Gas: Gov’t says 25% of Contracts Worth $1.73bn Awarded to Local Companies

PSST Ramathan Ggoobi

0
VIEWS

The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, has revealed that Indonesia is set to lift its ban on the export of crude palm oil in July next month, a move likely to reduce the prices of soap and cooking oil.

“Breaking Good News, I have got assurance from Dr. Sri Mulyani Indrawati, Finance Minister of Indonesia that they are going to lift the ban on the export of crude palm oil next month (July). Prices of soap and cooking oil are likely to reduce,” Ggoobi announced on his Twitter.

Related Stories

Museveni Pledges $500bn Economic Leap, Rejects Politics of Age and Careerism

Museveni Duly Nominated as Sole Candidate for NRM Chairman and 2026 Flagbearer

Magogo Re-Elected FUFA President, Sets Bold Agenda for 2025–2029 Term

Indonesia, which accounts for 59% of global palm oil exports, banned the export of palm oil which is a key ingredient in the production of soap and cooking oil.

L-R Dr. Sri Mulyani Indrawati, Finance Minister of Indonesia with Finance PS Ramathan Ggoobi

The ban saw the country grapple with rising prices of cooking oil and laundry soaps. The retail price of laundry soap doubled in Uganda from Shs3,500 to Shs8,000.

Statistics from the Ministry of Finance, Planning and Economic Development (MoFPED) show that Uganda imported 84 per cent of crude palm oil from Indonesia and Malaysia in 2021.

Ggoobi said the Minister told him they had banned the export of crude palm oil to cater for rising domestic prices.

“They have since addressed the problem and are now ready to resume export. Very good news for us on this Martyrs Day,” he said.

The two met at the ongoing Islamic Development Bank Group Annual Meeting in Egypt.

Tags: Cooking oilIndonesiapricesRamathan GgoobiRise in commodity pricesSoftPower NewsTop NewsUganda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

Museveni Pledges $500bn Economic Leap, Rejects Politics of Age and Careerism

Museveni Duly Nominated as Sole Candidate for NRM Chairman and 2026 Flagbearer

Magogo Re-Elected FUFA President, Sets Bold Agenda for 2025–2029 Term

Pictorial: Vibe, Dance and Fanfare as Museveni Arrives for NRM Nomination

TikTok Tops Traffic: A Snapshot of Uganda’s Social Media and Streaming Platform Usage

Among Faces Kadaga as Key Contenders Vie for NRM Entrepreneurs League Vice Chair

Stanbic Bank Ad
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News