MONROVIA – The Liberian Senate has praised the Executive Branch, through the Liberia Petroleum Refining Company (LPRC), for implementing new petroleum pricing adjustments aimed at boosting government revenue and supporting key programs.
In a press release issued Thursday, September 11, 2025, and signed by Siafa Jallah, Deputy Director for Broadcast, the Senate said the pricing reforms reflect the Presidency’s mandate to create a fairer structure while channeling resources into social and development programs.
The revised pricing framework introduces a $0.02 per gallon levy to support government social programs, replacing the previous financing cost. An additional $0.09 per gallon has been earmarked to support county equipment. Together, the $0.11 increase per gallon is projected to generate approximately $17 million annually, based on import volumes of 154,652,417 gallons of petroleum.
According to the Senate, the decision followed a public hearing organized by a joint Senate committee that engaged stakeholders across the downstream petroleum sector. The committee’s report, debated extensively by senators, was subsequently endorsed by plenary and forwarded to President Joseph Nyuma Boakai for further action.
“The Senate’s oversight is intended to ensure that petroleum pricing not only reflects fairness in the market but also delivers tangible benefits to the country and its citizens,” the release stated.
The leadership of the Senate expressed appreciation for the collaborative effort between the Legislature and the Executive in reaching a decision they believe will strengthen public welfare and development.
