Before you come rushing to the public square with yet another blindfolding epistle about how the new jumps in fuel prices is going to be the magic wand to redeem some of us from our impoverished situations, please, it would suffice you check a few things out or revisit those who handed that information to you.
Do you know that the price of a liter of super that leaves SONARA is not up to fcfa 350? Find Out! And are you aware that the price only climbs up to fcfa 650 owing to a string of taxes that Government has affixed at almost every stop along the way to the pump? From SONARA, a liter suffers a series of taxes: customs duty, CRTV tax and even a tax for the “Nsam Fire Disaster victims?” Go and find out.
Then, again, SONARA does not refine, exclusively, crude imported from abroad. SONARA refines 90 percent of what comes from out there and about 10 percent of Cameroon crude. This is not all. SONARA also refines about 30 percent of the liquefied or butane gas that is used in our kitchens. CSPH imports the other fraction from Gabon and other countries as well as other local distributors.
Before Government came heaping the burden on us of its decision to take away its purported subsidies, it did not tell us how much fuel or crude Cameroon is tapping from our own sub-soil, and where all these oil goes to. Find out! The Presidency gets its fuel from SONARA, the military and so on, and on credit. Yes, go and ask Charles Metouck and he will tell you what the Government was owing to SONARA before he was shown the way to Buea prison.
I covered the Court case and was not told. Well over FCFA 300 billion. And when Metouck took the decision to expand SONARA, it was not going to be a Government funded project nor was the money going to be sourced from financial calculations from Biya's Hikes in prices. No! Metouck duly signed a financial sponsorship deal with Afriland Bank, at least for part financing. Check it out.
Also ask yourself this: India is one of those countries that subsidize fuel in a bid to hold down prices in its country. So, the well over 1 billion Indians, I mean ‘One Billion” Indians, can make ends meet. Ask those who sent you scuttling to the public square, if, at any rate, the Indian subsidies have stopped this country from carrying out its economic development programs. I don't think.
If Government is cash strapped, it may well go to Emmanuel Gerard Ondo Ndong’s account and the rest of those it has been fattening inside Kondengui prison for well over a decade today and it will, certainly, scoop out enough ‘cash’ to rescue the country.
Also do well to read from Boh Herbert, maybe, you might find reason to see with me.
Bye for now
It’s been Tim
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