Cameroon Workers to Strike over Fuel Hikes

Posted by Eric Haun
Wednesday, July 02, 2014

Transport workers in Cameroon threatened on Wednesday to strike next week over a government decision to cut some fuel subsidies, raising the specter of unrest as the country tries to please international donors.

The government announced on Monday that it was cancelling petrol, diesel and cooking gas subsidies, which would make the price of petrol rise by 14 percent and diesel by 15 percent.

But transport fares remain unchanged, leading unions representing drivers of buses, taxis and trucks to complain the higher operating costs would cut into their earnings.

"It is not normal that they should raise the price of petrol and not also the transport fares," said Pierre Nyemeck, head of the CGSTC, one of Cameroon's main transportation unions.

"If the government wants to prevent the strike, it should also increase transport fares," he said.

Cameroon has long produced both oil and cocoa, but analysts say a lack of reform and political stagnation under President Paul Biya, who has been in power since 1982, have stymied economic growth and development.

The International Monetary Fund has for years called for subsidies, which cost around $600 million a year, to be cut.

But Cameroon has repeatedly delayed the move following a violent 2008 taxi strike over fuel prices that left over 100 dead and a failed bid to cut similar subsidies in neighboring Nigeria in 2012.

Speaking to reporters late on Tuesday, government spokesman Issa Tchiroma Bakary said the measures would benefit Cameroon's economy in the long-run.

"I call upon our people to accept these adjustments with responsibility, understanding and civic-mindedness and not to fall victim to instrumentalization ... aiming to undermine the stability of our country," he said.

The government says fuel subsidies cost Cameroon 157 billion CFA francs ($326.78 million) in the first six months of this budget year alone.

The IMF said in May that Cameroon's overall fiscal deficit for 2014 was forecast at 5.5 percent of GDP, mainly due to fuel subsidies and the expansion of a public investment program.

($1 = 480.4500 Central African Cfa francs)

(Reporting by Tansa Musa; Writing by Joe Bavier; Editing by Tom Heneghan)

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Ri'chard Joins Holland America Line as Director

Holland America Line has appointed Denella Ri’chard to the position of director, trade communication and engagement. In this newly created role she is responsible

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Maersk to Scrap Ships at India's Alang Beaches, NGO Dismayed

Maersk Line said on Friday it had chosen four shipbreaking yards along India's Alang beaches to handle an increase in vessels that need to be scrapped, to the dismay

News

Libyan Navy Seizes Foreign Tanker

Libyan naval forces have seized a Sierra Leone-flagged oil tanker on suspicion of illegally entering Libyan waters in an attempt to smuggle gasoline, authorities said on Saturday.

Berlin film "Fire at Sea" shows Horror of Refugee Crossings

* Movie highlights tragedy of migrant crisis * Filmed mainly on Italian island of Lampedusa * Interleaves lives of islanders with refugees * Film competing for

BRP Wins Industry Award for Rotax Innovation

BRP’s Rotax Intelligent Shift and Throttle (iST) system was recognized by the National Marine Manufacturers Association (NMMA) with an Innovation Award in the Jet

Government Update

Libyan Navy Seizes Foreign Tanker

Libyan naval forces have seized a Sierra Leone-flagged oil tanker on suspicion of illegally entering Libyan waters in an attempt to smuggle gasoline, authorities said on Saturday.

DP World Bolsters Investment in India

DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1158 sec (9 req/sec)