Published: March 4, 2026
MONROVIA — The Liberian government has maintained current pump prices for gasoline and fuel oil despite rising volatility in the global petroleum market, according to a new price circular issued March 3 by the Ministry of Commerce and Industry in consultation with the Liberia Petroleum Refining Company (LPRC).
Under the revised pricing structure, retail pump prices remain unchanged in U.S. dollar terms, with gasoline (PMS) set at US$4.02 per gallon and fuel oil (AGO) at US$4.33 per gallon. In Liberian dollar terms, the prices translate to LD$755 for gasoline and LD$810 for fuel oil, based on the Central Bank of Liberia’s exchange rate of LD$187 to US$1.
Officials said the price levels reflect average Platts international petroleum benchmarks recorded last month, which are used as a reference in determining local fuel ceilings.
The decision follows a meeting between government officials, petroleum importers and industry stakeholders to evaluate the impact of ongoing instability in the global energy market.
Authorities said the discussions focused on monitoring global fuel price trends and assessing potential risks to Liberia’s domestic petroleum supply chain.
“The government notes with grave concern the rising prices of petroleum products around the world,” the statement said, adding that relevant institutions will continue to track market developments and make price adjustments where necessary based on prevailing conditions.
Despite the uncertainty in international markets, the government said Liberia currently holds adequate petroleum reserves, assuring the public that fuel supply across the country remains stable.
Officials from the Ministry of Commerce and Industry and the Liberia Petroleum Refining Company said a contingency plan has been activated to prevent sudden price spikes or supply disruptions linked to global market pressures.
Under the plan, government agencies are working closely with petroleum importers and dealers to ensure the international situation is not exploited to create artificial shortages or unjustified price increases in the local market.
Authorities emphasized that the monitoring framework is intended to protect consumers while maintaining stability in the country’s petroleum sector as global fuel markets continue to fluctuate.
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