Published: April 4, 2026
CONGO TOWN — The Ministry of Commerce and Industry has announced a new price ceiling for petroleum products, triggering a wave of public criticism as Liberians take to social media to express frustration over the latest increase.
In a petroleum products monthly price circular issued Saturday, the ministry, in consultation with the Liberia Petroleum Refining Company (LPRC), confirmed upward adjustments in both gasoline (PMS) and fuel oil (AGO) prices on the Liberian market.
According to the circular, the wholesale price of gasoline has been set at US$4.81, while fuel oil stands at US$6.27. At the retail level, pump prices are now pegged at US$5.09 (L$950) for gasoline and US$6.55 (L$1,225) for fuel oil. The adjustments represent increases of $0.22 for gasoline and $0.77 for fuel oil.
Authorities attributed the hike to prevailing conditions on the international market, a recurring justification tied to Liberia’s dependence on imported petroleum products.
The ministry emphasized that its Inspectorate Team will actively monitor compliance with the approved pricing structure to prevent arbitrary increases at the pump. It also warned against anti-competitive practices, including undercutting and hoarding by importers.
“The Ministry will closely monitor the effectiveness of this price circular to ensure that importers do not undercut fellow competitors or hoard the products on the market,” the statement said.
However, the announcement has sparked widespread backlash online, with many Liberians questioning the timing and impact of the increase. Among those raising concerns are former presidential aide Sekou Kalasco Damaro and Alternative National Congress figure Moriah Yeakula, who both criticized the decision and its potential burden on ordinary citizens.
Across social media platforms, users described the increment as “insensitive” and warned that it would worsen the already high cost of living. Others called on the government to explore subsidy options or alternative measures to cushion the impact.
The latest adjustment comes against the backdrop of recent assurances by the LPRC that Liberia has sufficient fuel stock to meet national demand. In prior communications, the LPRC disclosed that the country had secured adequate petroleum reserves, aimed at stabilizing supply and preventing shortages that have historically triggered panic buying and price volatility.
That assurance, however, has done little to ease public concern over affordability.
Commercial drivers in Monrovia have already begun fare increases for the past one month and half, a move that have triggered a ripple effect across transportation and market prices.
Liberia’s fuel pricing structure remains vulnerable to global oil market fluctuations and exchange rate pressures. The circular referenced a Central Bank of Liberia exchange rate of L$187 to US$1, highlighting the role of currency dynamics in domestic pricing.
Despite regulatory oversight, past price adjustments have often been followed by inconsistent enforcement, with pump prices in some areas exceeding official ceilings.
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