The Liberian government has announced its second reduction in fuel prices in less than a month, lowering the ceiling prices for gasoline, diesel, heavy fuel oil and Jet A-1 aviation fuel. The new rates take effect on 8 July 2026.
The Ministry of Commerce and Industry (MOCI), in consultation with the Liberia Petroleum Refining Company (LPRC), said the retail pump price of gasoline (PMS) has been reduced to US$4.88 (L$890) per gallon, while fuel oil (AGO) will now sell at US$6.05 (L$1,105) per gallon. The wholesale prices have been set at US$4.60 for gasoline and US$5.77 for fuel oil.
The latest adjustment follows an earlier reduction announced on 18 June, when the government lowered the prices of both gasoline and fuel oil as part of efforts to ease the cost of fuel for consumers and businesses.
The government also reduced the price of Heavy Fuel Oil (HFO) by US$39.71 per metric tonne, setting the new ceiling price at US$1,038.95 per metric tonne. The price of Jet A-1 aviation fuel has also been cut by US$1.26, bringing the new selling price to US$5.96.
The ministry said the reductions are intended to reduce the cost burden on consumers and businesses while maintaining stable supplies of petroleum products across the country. It added that inspectorate teams will monitor the market to prevent arbitrary price increases, hoarding and unfair competition among importers.
The new prices are based on the Central Bank of Liberia’s exchange rate of L$182.70 to US$1, published on 3 July 2026.
