Page 146 - Atouts Economiques Cameroun-2019-GB
P. 146

 146
HYDROCARBONS
 Po.Box 6064 YAOUNDÉ
Tel. (237) 222 20 69 84 Fax. (237) 222 20 79 47
www.csph.cm
                  HYDROCARBONS PRICES STABILIZATION FUND- CSPH
Created in May 1974 in the aftermath of the first oil shock, then reorganized by decree in August 1998. The Hydrocarbons Prices Stabilization Fund (CSPH) is a public institution with legal status and a financially independent body; it is under the supervision of the Ministry of Trade...
DELICATE MISSIONS
The missions assigned to the Hydrocarbons Prices Stabilization Fund (CSPH) are of two types: statutory missions and post-liberalization missions. For the first category, CSPH's main mis- sion is to regulate hydrocarbon prices through the partial or total assumption of price increases for the said products, within the limits of its financial possibilities.
Indeed, it takes on board, partially or totally, the rise in world prices. In practical terms, it is up to the Hydrocarbons Prices Stabilization Fund to fix pump prices of petroleum products, making readjustments in a way to mitigate the
adverse effects of price fluctuations in the glo- bal oil market on the local industries and consumers. When the support is partial, the pump price of products is slightly revised upwards, and the gap has to be filled by the CSPH in order to preserve the balance in oil exchanges with international partners. And in case of the total support, pump prices remain unchanged. This is called a “freeze on the price adjustment mechanism”.
Still as part of its statutory missions, the CSPH, alternatively, to ensure the control of national energy policy, takes stakes in areas such as exploration, production, refining and storage of petroleum products.
 LES ATOUTS ECONOMIQUES DU CAMEROUN
The Hydrocarbons Prices Stabilization Fund (CSPH) head office building in Yaoundé





















































































   144   145   146   147   148