MONROVIA, LIBERIA-The Government of Liberia, through the Ministry of Commerce and the Liberia Petroleum Refining Company, has issued a price circular on petroleum products for March 2026.

The new petroleum product ceilings affect wholesale and retail markets.

Under the new rates, the government said pump prices for gasoline and fuel oil will remain stable in U.S dollar terms, while retail prices are set at 4 dollars 2 cents for gasoline.

The cost of fuel oil is 4 dollars 33 cents, reflecting adjustments based on prevailing exchange rates and average Platt pricing from the previous month.

According to the Commerce Ministry, the announcement follows a high-level meeting with importers and petroleum stakeholders to assess the impact of ongoing instability in the global petroleum market.

Meanwhile, the government has expressed grave concern over the rising cost of petroleum products worldwide and reaffirmed its commitment to shielding Liberian consumers from sudden, unjustified price spikes.

At the same time, relevant government agencies have been urged to closely monitor global market trends and make necessary pricing adjustments in accordance with existing regulations.

The government, through the Ministry of Commerce and the LPRC, has assured the public that Liberia currently holds a significant and secure stock of petroleum products.

It said officials have activated a comprehensive contingency plan to ensure a steady supply and market stability.

The Commerce Ministry noted that the government continues to work collaboratively with importers and dealers to safeguard the interests of all Liberians.