(Ecofin Agency) - In Uganda, the pump prices of petrol have increased as the Shilling rate rises against the dollar by 200 contradicting previous forecast.

Last week the price of a litre of petrol in Kampala was at Shs 3,800 but has now risen to Shs 3,900 per litre while it costs Shs 4,000, in other parts of the country.

Experts blame the increased prices on the foreign exchange and the costs of borrowing that have risen.

"We borrow a lot to import products, this has become very costly. We used to get loans at 7.8 % and this has since gone up to 11 %," Hashi Energy’s group general manager Peter Ochieng said.

Meanwhile the executive secretary of Consumer Education Trust, Richard Kimera stated that the government should raise resources needed in the current political situation to direct the economy. He advises all consumers to use their limited resources wisely through the next three or more months to come, The Monitor reports.