The general management of the Stabilization and Equalization Caisses (CAISTAB) has just put in place a system of geolocation and controls to fight effectively against the fraud of petroleum products.
The Gabonese authorities have opted to strengthen the control measures to fight against the fraud in the matter of petroleum products which causes substantial revenue to be lost in the state coffers. In an effort to maximize revenue in the public purse, the General Directorate of Stabilization and Equalization Funds has set its sights on a system of geolocation and controls.
A few months after the establishment of this governance mechanism, the first results are rather promising. Between the months of June 2018 and December 2018, the State was able to achieve gains of the order of 391 million FCFA, only on the Libreville network. Through geolocation, sales of petroleum products have been on an upward trend.
According to sources, several illegal fuel sale points exist along Gabonese roads. It is a question of completely eradicating this phenomenon, to reduce it to its simplest form. Thus, after Libreville the capital, it will be around the economic metropolis Port-Gentil to submit to the project of geolocation controls before extending it over the entire national territory.