logoBC
Yaoundé - 17 January 2020 -
Energy

Cameroon: 440, 000 gas cylinders imported to replenish a reserve of more than 70% defective cylinders

Cameroon: 440, 000 gas cylinders imported to replenish a reserve of more than 70% defective cylinders
  • Comments   -   Wednesday, 18 October 2017 17:24

(Business in Cameroon) - According to the organization of Cameroon’s petroleum professionals (Gpp), gas marketers have imported 440,000 new gas cylinders since January 2017. Official sources revealed that this massive import is the result of a government’s measure which aims to reduce taxes on the importation of domestic gas.

The measure, initiated last June and effectively implemented in July 2017, will speed the replenishing of Cameroon gas cylinders' reserve. Most of them being old and dangerous for users.

As a matter of fact, a joint study conducted, in 2011, by the department of metrology and protection of the ministry of commerce and the oils prices’ stabilization fund (Csph), states that "70% of gas cylinders in the country are defective". This explains the various gas cylinders explosions in many of the country’s households.  

According to operators in the sector of domestic gas, apart from users’ security, this massive import will help supply the local market and lead to the reduction of the price of cylinders. Indeed, Tradex has already reduced its price by CFA3, 000, official sources revealed.

Brice R. Mbodiam

cameroon-kuwait-fund-s-active-portfolio-estimated-at-about-xaf20-billion
Currently (January 2020), the active portfolio of the Kuwait Fund in Cameroon includes three projects for an amount of US$35.5 million, or about XAF20...
cameroon-minimum-cocoa-farm-gate-price-drops-to-xaf1-080-per-kilogram
Since December 31, 2019, the farm-gate price per kilogram of cocoa beans in Cameroon's production basins has declined slightly from a high of XAF1,250 to...
cameroon-imposes-20-precautionary-freeze-on-some-administrations-budgets-to-ensure-proper-budget-implementation
Reading through the circular that sets the framework for the implementation of the 2020 Finance bill, it appears that Cameroonian administrations must...
cameroon-50-tons-of-fish-supplied-to-the-population-during-the-2019-holidays-thanks-to-the-agropoles-project
During the 2019 holiday season, the ponds created in Cameroon with the support of the Agropoles project helped provide 50 tons of fish to the...

Mags frontpage


Business in Cameroon n82-83: December 2019-January 2020

CFA: The debate is open in the CEMAC


Cameroon becomes CEMAC’s financial center


Investir au Cameroun n92-93: Decembre 2019-Janvier 2020

Franc CFA : le débat est ouvert en zone CEMAC


Le Cameroun devient la place financière de la CEMAC