Ministry of Commerce & Industry & Liberia Petroleum Refining Company (LPRC) Issue New Price Circular to Stabilise Fuel Costs Amid Global Petroleum Market Turbulence
BY: Rufus Divine Brooks Jr.
WhatsApp: +231775143511
Monrovia, Liberia – In close coordination with the Liberia Petroleum Refining Company (LPRC), the Ministry of Commerce and Industry Tuesday released a price circular that sets new ceiling prices for petroleum products in both the wholesale and retail sectors.
The circular, effective immediately, aims to protect Liberian consumers and businesses from volatile global price swings while ensuring a steady supply of fuel nationwide.
Key Highlights of the Circular
Product-Wholesale Ceiling (USD)-Retail
Pump Price (USD) Retail Pump Price (LD)
Gasoline (PMS) Unchanged* US$ 4.02 LD 755
Fuel Oil (AGO) Unchanged* US$ 4.33 LD 810
According to them, Wholesale ceilings remain unchanged in U.S.‑dollar terms, reflecting the latest average Platts prices for March 2026.
The retail price figures incorporate the current Central Bank of Liberia (CBL) exchange rate of LD 187.00 = US$1.
Prices are based on the average Platts indices for the month of February 2026 and will be reviewed monthly in line with market developments.
At a high‑level meeting held on 3rd March 2026 with importers, distributors and other petroleum‑sector stakeholders, the Government expressed grave concern over the rapid escalation of petroleum product prices worldwide.
The Ministry underscored its commitment to continuously monitor global price movements and exchange‑rate fluctuations, adjust ceilings promptly when market conditions warrant, ensuring transparency and fairness.
The Ministry, together with LPRC, has however activated a comprehensive contingency plan designed to prevent sudden or unjustified price spikes that could arise from supply shocks or market manipulation.
