Cameroon: Government Announces 10% Reduction In Custom Duties
The Cameroon government has announced a 10% reduction of customs duties in imports of domestic gas cylinders. The revelation was made after a head-to-head talk between authorities and marketers’ association.
The reason was to reduce yearly shortage that crops up in Cameroon.
CJ reports that apart from the replacement of old and non-standard cylinders, this measure should also lead to a substantial drop in the gas cylinder price on the market, of which the most sought after 12 kilograms cylinders officially costs 6500 CFA.
As soon as the announcement was made, marketer Green Oil announced that it was importing 30,000 domestic gas cylinders, the local production of which by the National Refining Company (SONARA) covers barely 20 percent of demand.