(Business in Cameroon) - Domestic gas consumption in Cameroon grew by 14% in 2014, according to figures just released by the Hydrocarbon Fuel Price Stabilisation Fund (CSPH in French). The regulatory body highlights that the increase in national consumption which led to “28.3 billion FCFA in financial support”.

The CSPH notes that the sum represents “67.63% of the fees on the organisation’s ordinary activities.” Over 80% of domestic gas consumed in Cameroon is imported as the only refinery, Sonara, focuses more on oil, diesel and kerosene oil production.

To reduce volume without increasing the need for domestic gas subsidies in Cameroon, the government increased the price per 12 kg cylinder in mid-2014, raising it from 6,000 to 6,500 FCFA. This is the first increase since 2006.