The special tax on petroleum products will soon be extended to natural gas, despite GDC’s request

The Cameroon government is continuing its process to extend the special tax on petroleum products to natural gas, despite a request from Gaz du Cameroun (GDC), a subsidiary of the British Victoria Oil & Gas (VOG), to stop it. Per this process, industries powering their plants with natural gas will pay CFA70 per cubic meter consumed. In a note sent on January 4, 2023, to its customers, GDC announced it has engaged in discussions with the government to suspend the measure but the Minister of Finance, Louis Paul Motazé (pictured), issued a statement on January 11 saying the government has…