The Government of Liberia through the Ministry of Commerce & Industry and the Liberia Petroleum Refining Company ("LPRC") has announced with immediate effect reduction of fifteen (0.15¢) United States cents in the pump prices of gasoline (PMS) and an increase of ten (0.10¢) United States cents in the pump prices of diesel fuel (AGO) on the Liberian market.

According to a petroleum price circular issued by the government, the current retail pump price for a gallon of gasoline has dropped from 3.30 to US$3.15 or its Liberian equivalent of LD630.00, while the current retail pump price for a gallon of diesel fuel is increased to US$3.80 or its Liberian dollar equivalent of LD760.00.

The prices in Liberian dollars were calculated using the Central Banks approved exchange rate of 1USD to LRD$200.00.

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