Government of Cameroon Adjusts Fuel Prices Amid Economic Challenges

As of the mentioned date, the revised fuel prices are as follows:

• Super: 840fcfa per liter
• Diesel: 828 fcfa per liter

However, it is noteworthy that prices for other petroleum products, such as kerosene and domestic gas, will remain unchanged. Kerosene will continue to be priced at 350 fcfa per liter at the pump, while a classic 12.5-kilogram canister of domestic gas will cost 6500 fcfa.

In addition to the fuel price adjustments, the government is considering several accompanying measures to alleviate the impact on citizens and the economy:

1. 5% Salary Increase for Public Servants: Aiming to cushion the effect of the fuel price hikes, the government contemplates a 5% salary increase for public servants. This move is geared towards ensuring that the workforce can cope with the rising cost of living.

2. Dialogue with the Private Sector on Guaranteed Minimum Wage: Recognizing the importance of addressing broader economic issues, the government is set to engage in a dialogue with the private sector. One of the key topics for discussion will be the Guaranteed Minimum Wage, as the government seeks to foster collaboration and find sustainable solutions.

3. Reduction of Fiscal and Customs Burdens in the Road Transport Sector: Acknowledging the specific challenges faced by the road transport sector, the government is actively exploring avenues to reduce fiscal and customs burdens. This initiative aims to support the industry and ease the burden on transport operators affected by the fuel price adjustments.

As the government takes these measures, it emphasizes the need for a collective effort to navigate the economic challenges posed by volatile global oil markets. The fuel price adjustments and accompanying measures are seen as part of a comprehensive strategy to ensure economic stability and mitigate the impact on citizens and key sectors of the economy. The government remains committed to open dialogue and collaboration with various stakeholders as it navigates the complex economic landscape.