The Ministry of Commerce has cut pump prices for gasoline and diesel as of Thursday, June 18, 2026.
Officials say, the decision will ease burdens on households and businesses.
By that, gasoline now has a retail ceiling of US$4.94 per gallon, or L$905.00, down US$0.15, while diesel dropped US$0.30 to US$6.25 per gallon, or L$1,145.
The Ministry said, it is collaborating with the Liberia Petroleum Refining Company (LPRC) to do the adjustment to provide some relief to consumers and businesses and ensure price stability.
The reduction follows months of price hikes driven by global market forces. Early this year, government and LPRC cited rising international crude benchmarks, higher freight and insurance costs, and pressure on the Liberian dollar exchange rate as reasons for monthly upward revisions.
The factors pushed gasoline and diesel to price-increment (mainly in April and May) with pump prices adjusted regularly to reflect landed costs and keep importers solvent.
Under the new circular, wholesale prices are set at US$4.66 for gasoline and US$5.97 for diesel using a Central Bank of Liberia foreign exchange rate of L$183.1427 to US$1.
Inspectors will monitor depots and retail stations to enforce the new prices, and prevent hoarding or arbitrary increases.
Officials said, the downward revision reflects improved import costs this month while maintaining steady supply.