K

kfm.co.ug

@kfm Tue, 03 Dec 2024 03:00:09

Cameroon fuel prices to rise further in 2025, fresh subsidy cuts ahead

BY REUTERS Fuel pump prices across Cameroon are set to rise again next year as the government plans further subsidy cuts in line with International Monetary Fund recommendations. The IMF had urged the Central African nation for years to cut fuel subsidies. This would be the third cut since Yaounde began taking action early last year. The latest move would slash the subsidy by more than 90% to 15 billion CFA francs ($24 million) from 263 billion CFA francs ($424 million) according to a draft finance bill for 2025 tabled on Sunday. The move is likely to please investors, who have long called for reforms, but will face opposition from consumers already struggling with the rising cost of living in […] The post Cameroon fuel prices to rise further in 2025, fresh subsidy cuts ahead first appeared on 93.3 KFM.

read more

Other Headlines