MONROVIA, LIBERIA – Despite maintaining current ceiling prices for gasoline and fuel oil, concerns are rising over the Ministry of Commerce and Industry’s (MOCI) ability to enforce these prices amid reports of non-compliance by some retailers.
On March 4, 2025, MOCI and the Liberia Petroleum Refining Company (LPRC) jointly announced that the prices of gasoline (PMS) and fuel oil (AGO) will remain unchanged. According to the official pricing structure, gasoline will continue to sell at $3.68 per gallon wholesale and $3.96 (LD 790) at the retail pump, while fuel oil is priced at $3.98 wholesale and $4.26 (LD 850) for retail. The prices are based on the Central Bank of Liberia’s official exchange rate of LD 198.82 to USD 1.00.
In their statement, the agencies emphasized that the decision aims to stabilize the petroleum market and ensure price consistency for consumers across Liberia. They also promised to intensify monitoring efforts through the Inspectorate Team to prevent unauthorized price increases and consumer exploitation.
However, concerns persist about the effectiveness of these enforcement measures, as previous efforts have struggled to curb widespread overpricing. Consumers in several counties have reported paying above the official rates, particularly in rural areas where regulatory oversight is weaker.
“There is often a gap between policy announcements in Monrovia and actual implementation across the country,” said a local consumer rights advocate. “Without consistent monitoring, many retailers continue to exploit consumers with inflated prices.”
While MOCI insists it will collaborate with petroleum importers and retailers to prevent anti-competitive practices and market manipulation, critics argue that without stricter penalties and better coordination, enforcement will remain a challenge.
The LPRC reaffirmed its commitment to maintaining a steady supply of petroleum products and supporting Liberia’s industrial growth. The agency reiterated its motto, “Keeping the Wheels of Industry Turning,” while pledging to work closely with MOCI to uphold price regulations.
Despite these assurances, consumers remain wary, urging the government to prioritize not only price stability but also robust enforcement mechanisms to protect the public from arbitrary price hikes.
