Despite the increase in gasoline prices and diesel fuel in the country, the Government of Liberia reassures the public that there is more than adequate supply of petroleum products in Liberia to serve the local market for several months
In a release issued Sunday, the government says there should be no reason for panic buying of gasoline or diesel fuel.
The Government is also warning against hoarding of the products as it will not tolerate such illegal acts.
The prices of gasoline and diesel fuel have increased globally as a result of the ongoing military conflict between Russia and Ukraine, which has affected supply chains.
The Government of Liberia, through the Ministry of Commerce and Industry, LPRC, and other relevant agencies, have been engaged with importers for adjustment in the pump price of diesel fuel and gasoline to account for the current increase on the international market to ensure availability and avoid loss to the importers.
An arrangement has been agreed with the importers that will ensure continuous lifting of petroleum products for the various filling stations; while discussions continue to conclude on a new pricing structure.
The public further assured that gasoline and fuel will be available at the major filling stations as the importers lift their products throughout the weekend.
It says the Ministry of Commerce and LPRC will remain engaged with the Importers to derive a mutually acceptable price structure for the petroleum products in light of the global increase in the prices of petroleum products.