The Government of Liberia, through the Ministry of Commerce and Industry in collaboration with the Liberia Petroleum Refining Company (LPRC), has announced a 55-cent increase in the price of diesel fuel on the Liberian market, while the price of gasoline remains unchanged.
The adjustment was made public in the latest Petroleum Products Monthly Price Circular, which took effect on March 5, 2026, establishing new wholesale and retail ceiling prices for petroleum products across the country.
According to the Ministry, the decision was reached following consultations with the management of the Liberia Petroleum Refining Company, resulting in an upward adjustment in the prices of Automotive Gas Oil (AGO), commonly known as diesel or fuel oil, by US$0.55. Meanwhile, the price of Premium Motor Spirit (PMS), commonly referred to as gasoline, remains unchanged.
Under the new pricing structure, the wholesale selling price has been set at US$3.74 for gasoline (PMS) and US$4.60 for fuel oil (AGO).
At the retail level, the pump price of gasoline remains at US$4.02 or L$750.00, while fuel oil will now retail at US$4.88 or L$910.00 per gallon.
The price circular also notes that the exchange rate used for the calculation is based on the Central Bank of Liberia’s February 13, 2026 rate of L$187.00 to US$1.00.
Authorities say the Inspectorate Division of the Ministry of Commerce and Industry will closely monitor petroleum importers and fuel dealers to ensure strict adherence to the newly approved ceiling prices. The Ministry warned against any arbitrary increase in pump prices on the local market.
Additionally, officials indicated that monitoring efforts will also focus on preventing unfair practices such as undercutting competitors or hoarding petroleum products, which could distort market stability and fuel availability.
The government maintains that the measures are intended to regulate the local petroleum market while ensuring that fuel remains accessible to consumers under the updated pricing framework.
