Cameroon's government has decided to increase prices for oil products and gas (LPG) as of 1 January 2014: premium gasoline ("super") price will be raised by 14% from FCFA 569/l to FCFA 650/l (from US$1.19/l to US$1.36/l), diesel price by 15% from FCFA 620/l to FCFA 600/l (from US$1.08/l to US$1.25/l) and the price of domestic gas (LPG) bottles of 12.5 kg will increase by 8.3% from FCFA 6,000 to FCFA 6,500 (from US$12.51 to US$13.56).
These price increases are aimed at limiting the weight of oil product subsidies, which are estimated at FCFA 1,200 bn (US$2.5bn) between 2008 and 2013 and at FCFA 157bn (US$3327m) over the first half of 2014. To offset the impact of the price increase on end-consumers, ordinary oil price will remained stable at FCFA 350/l (US$0.73/l), cut some taxes by 50%, and increase public wages. Cameroon last increased LPG bottle prices in 2006 and froze any price increase following riots linked to a price revision in February 2008.
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