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and in other remote localities of Cameroon. It must be said that this is the mechanism that makes it possible to harmonize prices at the pump, at the exit of all oil depots in the country. It is only after having made all the aforementio- ned adjustments, on the basis of the “refinery exit” prices proposed by SONARA that the Hydrocarbon Prices Stabilization Fund deter- mines prices at the pump. Which prices are subsequently subject to the approval of the Prime Minister, before being made public by the Ministry of Trade, as by statute, the entity responsible for prices.
It is clear from all this that the CSPH plays a deci- sive role, at least, in promoting the democratiza- tion of hydrocarbon prices (oil, diesel, kerosene and domestic gas). It is also the secular arm of the State in terms of the country's equitable sup- ply, since it has to make sure that the products concerned are present, for everyone, throughout the national territory. So that there are no consu- mers wronged.
Another regulatory instrument used by the CSPH is Stabilization. It is a mechanism that allows domestic prices to be controlled by means of levies on the consumption of petroleum products in order to build up reserves that can be used to cope with changes in import prices.
Before the creation of a refinery, the CSPH had to support the differential between import prices
and the approved prices of petroleum products throughout the national territory.
After liberalization, the function was reduced solely to stabilizing domestic gas prices, of which 80% of domestic consumption is imported. It is worth mentioning, in that sense, that the level of subsidy on imported domestic gas, which is paid for by the CSPH, is closely linked to the evolution of the international oil market, as well as to the domestic consumers of the product.
In order to better regulate the sector it deals with, the Hydrocarbons Prices Stabilization Fund also maintains a fruitful dialogue with some partners of the downstream petroleum sec- tor and social partners. This is a rather construc- tive dialogue with all stakeholders in the downs- tream Petroleum Sector, from refining to distribu- tion. For more detail on the sector, it should be noted that it revolves around certain major acti- vities including:
n Refining petroleum products;
n Storage;
n Transportation (by sea, rail and road);
n Distribution (mainly at filling stations for product distributors and at resellers and retailers for marketers engaged exclusively in the sale of LPG);
n Quality control.
 The new executive management of the Hydrocarbons Prices Stabilization Fund (CSPH)

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