As Cameroonians engage in panic buying and causing a logjam, depot operators have dismissed speculation of a shortage of gas.
“There is no shortage of gas. All markets are supplied. Any information relating to a shortage is pure speculation,” Mbio emphasised.
The Executive Director of the Cameroonian Society of Petroleum Depots (SCDP), who chaired a meeting of the Ad Hoc Committee for the Monitoring of the Liquefied Petroleum Gas (LPG) Market, insisted on the need to apply the “approved prices,” i.e. 6,500 CFA francs per 12 kg bottle and CFA3,500 for the 6 kg bottle.
He said that the product was still subsidized for consumption and supply still depends on more than 70 per cent of imports.
The public, he said, have been right to set up this tool for monitoring and organizing this strategic and sensitive sector.
At least 3 million cylinders and 114 thousand metric tons (MT) of gas was released for consumption in 2018, with an average annual growth rate of 10 per cent,” SCDP Inspector General Senoussi Mohammed, also revealed.