logoBC
Yaoundé - 20 April 2024 -
Hydrocarbons

Cameroon: Fuel Marking techniques lowered oil fraud by over 34% in 2011-18

Cameroon: Fuel Marking techniques lowered oil fraud by over 34% in 2011-18
  • Comments   -   Tuesday, 13 November 2018 17:58

(Business in Cameroon) - Crooked managers of gas stations who mix kerosene with super gasoline or diesel to boost profit are now confronted with the fuel marking technique initiated by the government to control fraud. Thanks to this technique, oil fraud declined from 36% in 2011 to only 1.6% in 2018, a reduction by more than 34%.

Sources at the Ministry of Water and Energy said this anti-fraud technique consists of tinting kerosene to avoid any mixing with other colorless products. In addition to this measure, unannounced daily checks carried out at gas stations by public officials also contributed to reduction of this bad practice which generally caused significant damage to engines.

BRM

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »