Hydrocarbon Prices Stabilization Fund holds 33rd extraordinary session

By Doh James Sonkey

The Hydrocarbon Prices Stabilization Fund, HPSF Board of Directors held their 33rd extraordinary session last April 6, 2023 at the head office of the company at Carrefour Warda in Yaounde.

The reading and adoption of the draft agreements on the partial redemption of state debts to the HPSF were the main topics of this session, which was presided over by the Chairman of Board of Directors, Minister Luc Magloire Mbarga Atangana of Trade.

The Hydrocarbon Prices Stabilization Fund General Manager, Okie Johnson Ndoh was the rapporteur of the session

On the eve of April 5, 2023 the General Manager of the Hydrocarbon Prices Stabilization Fund, Okie Johnson Ndoh chaired a meeting at the HPSF head office building at Carrefour Warda in the nation’s capital. The meeting was attended by Directors of the HPSF and marketers from the downstream petroleum sector.

They focused their discussions on the findings of the analysis of capital gains on petroleum product stocks as a result of the increase in fuel prices of last February 1, 2023.

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