8 July 2014

Cameroon: Govt Statement on Adjustments in Price of Fuel and Domestic Gas

Photo: Capital FM
Petrol station

document

The government informs the public that fuel prices at petrol stations and domestic gas from July 1, 2014 have been readjusted: – Accordingly,

• The super moves from 569 FCFA a liter to 650 FCFA
• A liter of diesel increases from 520 FCFA to 600 FCFA
• A 12 cylinder gas increases from 6000 FCFA to 6500 FCFA

These adjustments have been made for two reasons.
• Due to the continuous increase in oil prices on the international market
• To reduce the ever-increasing burden on the state budget as subsidy for the low fuel prices; a situation that deprives Cameroonians of resources needed for the development of many social, educational and infrastructural projects.
For example, from 2008 to 2013 this subsidy cost the state, 1,200 billion FCFA and 157 FCFA billion just for the first six month s of the year 2014.

In order to safeguard the purchasing power Cameroonians and to mitigate the effects of these adjustments, the government shall implement the following measures:

- Maintain the price of a liter of petrol at 350 FCFA;
- 50% reduction in the amount of tax for businesses, parking fee and axle tax
- Adjustment of salaries of state employed workers
- Immediate consultations with partners in view of an increase in the country's minimum wage.

The government urges the population to show a sense of responsibility and citizenship in the implementation of these measures which have been put in place to generate necessary resources to finance many development projects.

Done in Yaounde on June 30, 2014

Paul Louis MOTAZE
Secretary General in the Prime Minister's Office

Ads by Google

Copyright © 2014 Government of Cameroon. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

InFocus

Cameroon Ups Salaries After Fuel Price Hike

Petrol station

Cameroon has raised the base salary for government workers and the military in an effort to cushion the effects of rising petrol prices due to the removal of subsidies. Read more »