MONROVIA, LIBERIA-The Liberian Senate has passed the bill seeking the enactment of the Liberia Refining Company (LPRC) into Law.

It followed a report from the Senate Joint Committee on Judiciary, Hydrocarbon, and Public Corporation on Wednesday, March 18, 2026.

According to the Committee’s report, the LPRC has been operating as a public entity to engage in regulation, importation, distribution, and sale of refined petroleum under an Article of Incorporation.

The Committee noted that the bill, if passed, will amend and repeal provisions of the 1989 Acts granting LBRC the exclusive rights to regulate, import, store, distribute, and commercialize petroleum-related products in Liberia.

The Committee further stated that enacting the LPRC into law will give the entity a governance structure to function properly, as a statutorily established agency of government.

Meanwhile, the bill has been forwarded to the House of Representatives for concurrence.

At the same time, the Liberian Senate has passed the Sea and Inland Ports Decentralization and National Post Regulatory Commission Bills.

The passage of the bills was triggered by a report from the Joint Committee on Judiciary, Hydrocarbon, and Public Corporation on Wednesday.

According to our Legislative Reporter, the bills seek to make all inland and seaports nationwide independent.

The National Ports Regulatory Commission will provide monitoring and oversight for all ports across the country.

This marks the third time the bills have been passed by the Liberian Senate.

It was earlier passed in 2025 and vetoed by President Joseph Boakai, and subsequently passed and later withdrawn by the National Legislature for corrections.