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Fuel price rise in Cameroon as subsidies scrapped

Fuel prices in Cameroon will rise by about 15% from Wednesday after the government agreed to pressure from the International Monetary Fund (IMF) to cut fuel subsidies.

A litre of diesel will rise from 575 CFA francs ($ 0.9) to 720 CFA francs ($1.19), while petrol will sell for 730 CFA francs ($1.21) from 630 CFA francs ($1.04).

The prime minister’s office also announced a 5.2% pay rise for public service workers as a cushion to the impact of the increase in fuel prices.

Many unions had urged the government to increase the minimum wage for the private sector.

The IMF is expected to provide $74.6m (£60m) to Cameroon as a credit facility in March.

SourceBBC
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