By By: Staff Writer
Monrovia — Liberia’s Ministry of Commerce and Industry has cut pump prices for gasoline and diesel effective June 18, 2026, in a move officials say will ease cost burdens on households and businesses. Gasoline now has a retail ceiling of US$4.94 per gallon, or L$905.00, down US$0.15, while diesel drops US$0.30 to US$6.25 per gallon, or L$1,145.00. The Ministry, working with the Liberia Petroleum Refining Company, said the adjustment “is expected to provide some relief to consumers and businesses and underscores the continued collaboration between the Ministry of Commerce and Industry and the Liberia Petroleum Refining Company in ensuring price stability.”
The reduction follows months of price hikes driven by global market forces. Throughout early 2026, government and LPRC cited rising international crude benchmarks, higher freight and insurance costs, and pressure on the Liberian dollar exchange rate as reasons for monthly upward revisions. Those factors pushed both gasoline and diesel to multi-year highs in April and May, with pump prices adjusted regularly to reflect landed costs and keep importers solvent.
Under the new circular, wholesale prices are set at US$4.66 for gasoline and US$5.97 for diesel using a CBL rate of L$183.1427 to US$1.00. MOCI and LPRC inspectors will monitor depots and retail stations to enforce the ceiling prices and prevent hoarding or arbitrary increases. Officials said the downward revision reflects improved import costs this month while maintaining steady supply across the country.
