The information was announced by the Minister of Energy and Water Supply during a press conference held last Tuesday.
According to Gaston Eloundou Essomba, the Minister in charge of Energy and Water Supply the State have been trying to stabilise the prices of fuel products, despite the global economic situation that continues to shake the sector. That explains the country’s deficit registered during the month of January, mainly because of its subsidy policy. As outcome, it has cost the government 569 million CFA francs for the fuel delivered on January 10 and 1 billion CFA francs for the fuel delivered on January 29.
Such a situation is not new to the country, as the Minister stressed. He said the government’s total shortfall for this decade is up to 2,000 billion CFA francs. Regarding last year’s disruptions in the supply of petroleum products, the minister justifies the situation talking about cash flow tensions which, according to him, “have not always made it possible to mobilise the financial resources on time”.