The Liberian Senate has applauded recent petroleum price adjustments implemented by the Liberia Petroleum Refining Company (LPRC) under Presidential direction.
Senators said the measures will deliver a predictable revenue stream for social programs and county equipment.
The revisions add two specific charges to retail petroleum pricing: $0.02 per gallon earmarked to replace a prior financing cost and $0.09 per gallon dedicated to county equipment — a combined increase of $0.11 per gallon.
Based on reported annual import volumes of 154,652,417 gallons, the levy is projected to generate roughly $17.01 million a year.
Pricing changes followed a public hearing convened by a joint Senate committee that brought together stakeholders from the downstream petroleum sector to assess the fairness and sustainability of the pricing framework, the Senate said in a statement shared with the Oracle News Daily Thursday. 
“The committee’s findings were debated in Senate Plenary before being forwarded to President Joseph Nyuma Boakai for executive action.”
Lawmakers framed their endorsement as consistent with the Senate’s oversight mandate to ensure policy decisions yield tangible benefits for Liberians.
They also highlighted the collaborative process between the Legislature and the Executive as reflecting commitments to transparency and accountability in petroleum sector governance.
Economically, the modest per-gallon surcharge is positioned as a targeted means of mobilizing resources without imposing a large incremental burden on consumers.
The earmarked funds are intended to support government social programs and to strengthen county-level equipment and services, potentially improving local public service delivery.
