By Monrovia, Liberia – The Ministry of Commerce & Industry, in close consultation with the Management of the Liberia Petroleum Refining Company (LPRC) has announced that the Prices of gasoline (PMS) have decreased by Ten United States cents (US$0.10) while the Prices of Fuel Oil (AGO) have been reduced by Twenty United States Cents (US$0.20) respectively.
According to a price circular jointly signed by the Minister of Commerce & Industry and the Managing Director of the Liberia Petroleum Refining Company, the wholesale prices for gasoline and diesel are US$4.00 and US$4.53 respectively while the retail pump prices for gasoline and diesel are US$4.28 or its Liberian dollar equivalent of LRD830.00 and US$4.81 or its Liberian dollars equivalent of LRD$930.00 respectively.
The current price of gasoline reflects a Ten United States Cents (US$0.10) reduction while the price of diesel fuel experienced Twenty United States Cents (US$0.20) reduction.
The MoCI and LPRC Inspectorate Team will closely monitor the approved ceiling prices to avoid arbitrary hike in the pump prices of gasoline and diesel on the local market.
By: Press Release
