FUEL PRICES ACROSS CAMERON SET TO RISE AGAIN.

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 Cameroon.

Jean Cedric Kouam, Director of Economic Affairs at Yaounde-based Nkafu Policy Institute, said the higher fuel prices could add to inflationary pressure in the near term but might yield long term benefits.

Prime Minister Joseph Dion Ngute said in a Sunday evening address to the national assembly that Cameroon’s economy was expected to grow by 4.1% next year, an increase from 3.8% last year, driven by the agriculture, mining and forestry sectors.

He also said inflation would fall to 4% from 5%.