Category: Africa Published on Saturday, 21 April 2012 16:28 Written by James Deng Dimo
Until last Thursday morning, a litter of Petrol in Wau County had increased from 7.5 to 9 SSP and a litter of diesel to up to 8 SSP mainly at some fuel stations like Nile Petroleum, while Petrocity station which serves 60% of commercial vehicles is also out of stock.
An official at the Nile Petroleum station said the cause of high fuel cost and other commodities is due to the ongoing market forces on hard currencies.
â€œThe US Dollar value is high creating the unanticipated skyrocketing market rates forcing our customers to pay more since we are also incurring huge lose as we export fuel from Kenya into South Sudan,â€ he said.
â€œImagine that we are transporting our fuel from Mombasa town of Kenya and the cost of transporting 4,000 litters from Juba to Wau is 35,000 SSP,â€ he said.
â€œWe also have several disagreements with the tanker owners due to the poor road conditions including high taxes,â€ he added.
While speaking to Gurtong, another official from Nile petroleum station urged the central bank of South Sudan to consider lending traders and big national companies in the country to allow them have access to the hard currencies.
South Sudan recently adopted austerity measures in order to regulate the hard currencies circulating in the countryâ€™s economy.
The recent fighting between the SPLA and SAF forces at Heglig followed various disagreements from the two sides basically on the oil sharing deal since South Sudan halted its oil production across the country.