Cameroon: Fuel Goes Up After IMF Pressure To End Price Subsidy

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Cameroonians have been faced with a fuel price rise of about 15 percent, meaning a litre of diesel that used to cost them 575 CFA francs , will now go up to 720 CFA francs.

The rise came after the International Monetary Fund (IMF) had put pressure on the government to cut its fuel subsidy.
But there will be a 5.2 percent salary rise for civil service workers to help soften the blow, the prime minister’s office stated.
In March the IMF is scheduled to give 68.5 million euros in credit to the government.