Cameroon raises fuel prices

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Cameroon raises fuel prices

STORY: Cameroon raises fuel prices SHOOTING DATE: Feb. 3, 2024 DATELINE: Feb. 4, 2024 LENGTH: 00:01:26 LOCATION: Yaounde CATEGORY: ECONOMY SHOTLIST: 1. various of street views and gas stations in Yaounde 2. SOUNDBITE 1 (French): ERIC BANGSI, Taxi driver in Yaounde 3. SOUNDBITE 2 (French): AYANG DJOWE BRUNO, Motorbike driver in Yaounde 4. various of street views and gas stations in Yaounde STORYLINE: The Cameroonian government on Friday hiked fuel prices, which went into effect from Saturday. According to a statement by Seraphin Magloire Fouda, Secretary General at the Prime Minister's Office, the price of a liter of Super has been increased from 730 XAF (approximately 1.21 U.S. dollars) per liter to 840 XAF (approximately 1.39 U.S. dollars) and gasoline increases from 720 XAF (approximately 1.19 U.S. dollars) per liter to 828 XAF (approximately 1.37 U.S. dollars). Fouda said in a statement Friday night that the price increase was "due to the need to absorb the growing budgetary constraints that the s

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