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Cameroonians faced fuel price increases of around 15% on Wednesday. This means that a liter of diesel that previously cost him 575 CFA francs (0.87 euros) will rise to 720 CFA francs (1.09 euros).
The rise came after the International Monetary Fund (IMF) put pressure on governments to cut fuel subsidies.
But the prime minister’s office said it would raise salaries for civil servants by 5.2% to soften the blow.
“They say the need to cut costly fuel subsidies that are unsustainable under current international oil price projections, untargeted to those in need, and crowding out priority spending. ,” the IMF said in a news release, referring to the government. on tuesday.
“Fuel subsidies equate to six times the budget allocated to agriculture, four times to health, and more than three times the budget allocated to energy and water. It must be accompanied by measures to mitigate the impact on vulnerable people.
In March, the IMF will provide €68.5 million in credit to the government.
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