The minister responsible for trade, consumption, the informal sector and small and medium-sized enterprises, made a decision yesterday to keep cement prices at their old level.
The decree states:
Given the constitution;
having regard to Law No 94-63 of 22 August 1994 on prices, competition and economic disputes;
having regard to Decree No 95-77 of 20 January 1995 implementing Articles 44 and 64 of Law No 94-63 of 22 August 1994 on prices, competition and economic disputes;
having regard to Decree No. 2017 – 1531 of 6 September 2017 appointing the Prime Minister;
having regard to Decree No. 2017-1533 of 7 September 2017 on the composition of the government;
Having regard to the Decree n ° 2017 -1546 of 8 September 2017 on the restoration of state services and the control of public institutions, national companies and companies with public participation between the Presidency of the Republic, the Primature and the Ministries,
In view of the Decree n ° 2017-1579 of 13 September 2017 regarding the attributions of the Minister of Commerce, Consumption, the Informal Sector and the Small and Medium-sized Enterprises; About the presentation of the Internal Trade Director:
Article 1: "Pursuant to the provisions of Article 43 of Law No 94-63 of 22 August 1994 on prices, competition and economic disputes, the ceiling prices for ex-factory cement are set at the previous prices applicable in 1 January 2018 ".
Article 2: "Is considered an illegal price, any price higher than the maximum prices laid down in Article 1, in accordance with Article 45 (2) of the aforementioned Law".
Article 3: "Violations of the provisions of this decision are punishable by the sanctions provided for in Law No 94-63 of 22 August 1994 on prices, competition and economic disputes.
Article 4: "The Director of Internal Trade is responsible for the implementation of this decision which will be published in the Official Journal".
Note that this decree follows the 3500 FCFA increase applied to the price per tonne by Sococim.