MONTSERRADO COUNTY, LIBERIA-Liberia Petroleum Refining Company (LPRC), and the Ministry of Commerce have announced a reduction in the prices of petroleum products on the market.

LPRC says this is contrary to false information on social media that there is a sharp increment in the prices of the commodities.

The entity, in a recent release, clarifies that the current price of gasoline is four dollars forty-three cents or eight hundred fifty Liberian Dollars, while diesel is now five US Dollars or Nine hundred sixty Liberian Dollars.

LPRC and the Ministry of Commerce Ministry have assured the public of closely monitoring the approved ceiling prices to avoid arbitrary hikes in the pump prices of petroleum products.

They also vowed to monitor closely the effectiveness of the price circular to ensure importers do not undercut fellow competitors on the market.

By: Emmanuel Kollie