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Commerce Ministry, Petroleum Importers adjust petroleum products price

by Jarp Davies
written by Jarp Davies

MONROVIA, LIBERIA-The Ministry of Commerce and Industry has adjusted the price of petroleum products.

In a circular released on Monday, March 7, 2022, the Commerce Ministry set the new retail pump price of gasoline at five USD and sixty-six-cents or eight-hundred-seventy-five Liberian Dollars.

The new retail pump price of fuel is six USD or nine-hundred-thirty LD.

According to the circular, the new prices were derived following close consultation with the Liberia Petroleum Refining Company (LPRC) and are based on the international prevailing and exchange rates.

Meanwhile, the Commerce Ministry says its inspectorate team will closely monitor the approved ceiling prices to prevent arbitrary hike of the products on the local market.

 

Jarp Davies is a Liberian journalist who currently works for the Liberia Broadcasting System (LBS) as Reporter and Newscaster. Jarp has more than thirteen years of experience in journalism since he began work as an intern at the United Nations’ UNMIL Radio in Monrovia. At UNMIL Radio, he rose to the positions of Reporter and Program Producer. Jarp has also worked for several media institutions in Liberia including Infinity Corporation, owner of Power FM and TV, Matrix Media, owner of Capitol FM and Capitol Times Newspaper. The Liberian media practitioner is a graduate of the Jireh School of Journalism and Public Relations and a senior student at the University of Liberia. Jarp Davies can be reached at the following contacts and email: jarpd09@gmail #0886616580/0777835862

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