By Jamesetta D Williams
The Government of Liberia, through the Ministry of Commerce and Industry (MOCI) in collaboration with the Liberia Petroleum Refining Company (LPRC), has announced a reduction in the prices of petroleum products as part of efforts to ease the financial burden on consumers and stabilize the local market.
The announcement was contained in the Ministry’s monthly Petroleum Products Price Circular, which takes effect immediately, June 18, 2026.
According to the circular, gasoline (PMS) has been reduced by US$0.15, while fuel oil (AGO) has been decreased by US$0.30 on the Liberian market.
Under the new pricing structure, the approved wholesale and retail ceilings are as follows:
Gasoline (PMS) will now be sold at a wholesale price of US$4.66, with a retail pump price set at US$4.94 or L$905.00. Fuel oil (AGO) will be sold at a wholesale price of US$5.97, with a retail pump price of US$6.25 or L$1,145.00.
The Ministry noted that the exchange rate applied in the pricing circular is L$183.1427 to US$1.00, as published by the Central Bank of Liberia (CBL) on June 15, 2026.
Officials from the Ministry of Commerce and Industry and the LPRC Inspectorate Team are expected to closely monitor compliance with the approved price ceilings across the country. Authorities warned that strict oversight will be maintained to prevent arbitrary price increases, hoarding, or unfair market practices among petroleum importers and distributors.
The government also emphasized that the monitoring process will ensure fair competition in the petroleum sector while maintaining steady supply and market stability.
The price reduction is expected to provide relief to households, transport operators, and businesses that rely heavily on fuel for daily operations. Authorities say the adjustment reflects ongoing collaboration between the Ministry of Commerce and Industry and the Liberia Petroleum Refining Company to maintain price stability and improve access to petroleum products nationwide.
The government reaffirmed its commitment to protecting consumers while ensuring a transparent and well-regulated petroleum market in Liberia.
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