logoBC
Yaoundé - 28 March 2024 -
Public management

Cameroon generates an average of XAF140 bln/year from the distribution of oil products

Cameroon generates an average of XAF140 bln/year from the distribution of oil products
  • Comments   -   Monday, 09 December 2019 14:57

(Business in Cameroon) - Every year, Cameroon generates an average of XAF140 billion from the distribution of oil products. This was revealed by the minister of water and energy Gaston Eloundou Essomba, on December 4, 2019, while defending the 2020 budget of his ministerial department before the national assembly.  

This envelope, he explains, is generated from the collection of two main taxes namely, the value-added tax, which appears at least three times in oil products prices’ structures in Cameroon, and the tax on petroleum products.

Let’s note that according to data provided by the ministry of water and energy, by October 28, 2019, there were 835 gas stations in Cameroon. All or part of those stations belong to the 54 companies authorized by the government in this sector.

BRM

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

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 »