The Ministry of Commerce and Industry, in partnership with the Liberia Petroleum Refining Company (LPRC), has announced that retail pump prices for petroleum products will remain unchanged, despite turbulence in the global oil market.
In a circular dated March 3, 2026, the ministry confirmed that gasoline (PMS) will continue to sell at US$4.02 per gallon, equivalent to 755 Liberian dollars, while fuel oil (AGO) remains at US$4.33 per gallon, or 810 Liberian dollars. The pricing reflects the prevailing Central Bank exchange rate of LD187 to US$1 and is based on last month’s average Platts benchmark.
The announcement followed a high-level consultation with petroleum importers and other stakeholders to assess the impact of rising international fuel costs. Officials acknowledged concerns over global price volatility but stressed that the government is committed to shielding consumers from sudden increases.
“The relevant authorities will continue to monitor developments in the petroleum sector and make adjustments consistent with market realities,” the statement noted, underscoring efforts to balance consumer protection with economic sustainability.
The government also sought to reassure the public of adequate national reserves. According to the Commerce Ministry and LPRC, Liberia currently maintains a secure stock of petroleum products, supported by a contingency plan designed to prevent abrupt or unjustified price hikes.
Authorities cautioned against artificial shortages or attempts by dealers to exploit global conditions. Any effort to inflate prices beyond approved ceilings, they warned, would face regulatory action.
The circular concluded with a reaffirmation of government’s pledge to ensure price stability and reliable supply across the country. Officials emphasized that the measures are part of a broader strategy to safeguard consumers while maintaining confidence in the petroleum distribution system.
By holding prices steady, the government aims to mitigate the ripple effects of international market shocks on households and businesses, while signaling its readiness to intervene should global conditions worsen.
