Fuel price drop fully operational in B’da

Dr. Nkwenti Ignatius

Few weeks after President Paul Biya announced a drop in the price of fuel in his end of year address to the nation on 31st December 2015, dealers of petroleum products in the North West region have so far implemented the decision to the latter.
    The revelation was made recently by Dr. Nkwenti Ignatius, President of Trade Union of Petroleum Dealers in the North West Region (an association of proprietors and managers of fuel filling stations in Bamenda) and Proprietor of Corlay Liberty Petrol Station, Ntarikon Mankon Bamenda.
    After the Head of State’s Message, the Minister of Trade who is also the Board Chair of the Hydrocarbons Prices Stabilisation Fund (CSPH), Luc Magloire Mbarga Atangana announced that the price of a litre of Super to dropped by 20 CFA Francs and be sold at 630 CFA Francs and that the price of a litre of Gas Oil (Diesel) be dropped by 25 CFA Francs and be sold at 575 CFA Francs.

    Talking to The Median on the reduction of the fuel prices, Dr Nkwenti who is the former Cultural Attaché in the Cameroon’s Embassy in the USA observed that it was very much expected and even overdue taking in to consideration that the price of fuel products had dropped in the world market.
He however regretted that regions and divisions that are far off from the “deport” will not benefit substantially from the reduction given that dealers will have to add some francs to the stipulated price to cover up the cost of transportation.
    Reacting to why the drop in price did not take immediate effect in Bamenda, Dr Nkwenti Ignatius Ndefru revealed that the minister of trade did not take proper measures for the price change to be effective in Bamenda.
    He explained that the prices in the pumps are fixed by technicians from Yaoundé who were not made available to them immediately the president made his end of year speech. He explained that for the decision to have taken effect, it was incumbent for the technicians to have effectuated the prices in the pumps on the eve of the speech.
    On the effect of the change on Corlay liberty Petrol Station, Ntarikon especially on already stocked fuel, Dr Nkwenti Ignatius Ndefru noted that such unforeseen circumstances are always characteristic of any business adventure.
    About Corlay liberty Petrol Station, Ntarikon
Corlay liberty Petrol Station, Ntarikon is a fully integrated and efficient downstream player in the sale of petroleum products in Bamenda.
    It offers numerous products and services designed specifically for the consumer. The company markets fuels in Bamenda under the MRS brand. In addition to branded fuels, they also offer consumers a variety of high-quality lubricants.
    The Company offers “MRS” gas for domestic application; in packages of 12,5kg; 15kg and 25kg. 
Corlay liberty Petrol Station, Ntarikon as part of its corporate social responsibility has built culvets and graded roads in some quarters in Mankon, a move which has earned them several awards.