By Jessica Cox
Monrovia, Liberia September 11, 2025 The Liberia Petroleum Refining Company (LPRC) has disclosed a new adjustment to the country’s petroleum pricing structure, following recommendations from the Liberian Senate and a directive from President Joseph Nyuma Boakai.
The changes stem from a recent Senate public hearing that reviewed the fairness of the current petroleum pricing system. The joint committee on Ways, Means, Finance & Budget and Public Accounts held consultations with stakeholders in the downstream petroleum sector, including LPRC’s management, before submitting its findings to the Senate Plenary.
After deliberation, the Senate forwarded its recommendations to the Presidency, which subsequently instructed LPRC to introduce two new pricing components:
Support to Government Social Programs: $0.02 per gallon while Support to County Equipment: $0.09 per gallon.
Together, the adjustments amount to $0.11 per gallon. With Liberia’s annual petroleum import volume estimated at more than 154 million gallons, the new measures are expected to generate around US$17 million to finance government social programs and county-level equipment initiatives.
According to the LPRC, the directive seeks to balance two government priorities: maintaining affordable fuel prices while creating a sustainable domestic source of revenue to offset the decline in international development assistance.
The company further clarified that the adjustments do not affect existing profit margins for sector players. Importers, distributors, and retailers will continue to receive $0.14, $0.05, and $0.07 per gallon respectively.
LPRC Managing Director and the company’s leadership reaffirmed their commitment to transparency and accountability, noting that the reforms aim to support broader national development goals without creating additional burdens on commercial operators.
