The Board of Directors of the Hydrocarbons Prices Stabilization Fund (HPSF) held its 57th Ordinary Session on 24 June 2026 in Yaounde, under the chairmanship of Mr LUC MAGLOIRE MBARGA ATANGANA, Minister of Trade and HPSF Board Chairman.
Mr OKIE JOHNSON NDOH, Director General of the HPSF, assisted by Mrs OBAM NANGA DIANE VALÉRIE, Deputy Director General, served as rapporteur for the items on the agenda.
Deliberations of the session focused mainly on the evaluation of the Establishment's performance for the 2025 financial year, as well as the review and approval of the financial statements for the year ended at 31 December 2025.
Concerning the evaluation of performance for the 2025 financial year, the Board noted that the international oil market conditions had been characterised by a decline in average crude oil prices and in the average quotations for refined petroleum products, as well as a decline in the average parity of the US dollar against the CFA franc. Furthermore, the domestic market was supplied on a continuous basis to meet domestic demand for petroleum products, with consumption rising by 4 per cent for land fuels (super, kerosene and diesel) and by 13 per cent for domestic gas.
The Board of Directors commended the efforts made by the General Management to ensure the availabilityy of petroleum products inland depots, thereby securing for consumers a seamless supply of these products. The Board especially applauded the complete defrayal of the subsidy to domestic gas consumption, to the tune of CFAF 48.96 billion, for the benefit of the consumers of this product.
With regard to the audit of the financial statements for the year ended at 31 December 2025, the Board examined the financial report of the General Management and the report of the Statutory Auditor.
At the conclusion of its deliberations, the Board approved the accounts for the 2025 financial year, adopted as follows:
The Board of Directors urged the General Management to continue its efforts to optimise revenue and maintain effective control over operating costs, noted as a contributing factor for the Establishment's achievement of this surplus.
Finally, the Board congratulated General Management both on the results achieved and the quality and clarity of the documents submitted. The Board granted General Management discharge of its stewardship.
