Categories: Live Update

As SONARA remains closed:
Government reduces customs duties to avoid petroleum products scarcity


By Amina Hilda


The government of Cameroon is said to have reduced customs duties on imported petroleum products to avoid a scarcity on the local market.

Such a situation economists say, could further sink the country’s wobbly economy.


The action comes as the country’s lone National Oil Refining Company, SONARA is yet to recover from a fire outbreak of May 2019. That incident affected SONARA’s production capacity.


Government’s decision is contained in an April 29 , 2022 decision which Finance Minister, Louis Paul Motaze signed.
According to economist and financial engineer, the scarcity of petroleum products could as well be attributed to the ongoing war between Russia and Ukraine.

He is quoted as having said, “since 2012, the price of crude oil in the international market was going down. But with the out break of the war, there was hike in the oil prices which tells you that the rules of demand and supply have kicked in, and the products are no longer enough for the demand in he market”.


In a bid therefore to curb this scarcity, the government has resorted to reducing custom duties on their imports which will promote imports of these products thereby satisfying local demands.



Proffesor Kelly, revealed that the reduction of these tariffs could have a negative impact on the 2022 state budget.
“Government does not function like a private business. Government has other valuables that it factors in and if there were projections, based on the increase in petroleum products, whose capacity we don’t have” he said.

Mimi Mefo Info (MMI)

Recent Posts

Facebook and Instagram May Shut Down in Nigeria Amid Regulatory Standoff

Nigerians could soon lose access to two of their most widely used social media platforms,…

37 minutes ago

Community Efforts Lead to Safe Return of Captives in Chad’s Gagal

On the morning of April 29, 2025, in the village of Gagal, the usual calm…

4 hours ago

Endeley’s Monument in Buea Triggers Memories of Political Icon, Physician

Eighty-year-old Diesel Tangho Dieudonne may be frail with age, but his memory of one man…

5 hours ago

Le FMI évalue les réformes économiques au Cameroun dans le cadre de son programme d’appui financier

Une mission du Fonds monétaire international (FMI) séjourne actuellement au Cameroun pour effectuer la huitième…

6 hours ago

Prime Minister’s Maroua Donations: A Political Gesture or a Sustainable Solution for the Far North?

Prime Minister Joseph Dion Ngute witnessed the distribution of sacks of rice, fertilisers, textbooks, and…

6 hours ago

Camwater se lance dans l’eau embouteillée

La Cameroon Water Utilities Corporation (Camwater) a lancé, ce 30 avril, un avis à manifestation…

7 hours ago