The Ministry of Commerce and Industry (MOCI) and the Liberia Petroleum Refining Company (LPRC) have announced that the ceiling prices for gasoline (PMS) and fuel oil (AGO) will remain unchanged across the country as of March 5, 2025.
In a joint statement, the two agencies said the decision is part of ongoing efforts to stabilize the petroleum market and provide price consistency for consumers. Under the current pricing structure, the gasoline wholesale price is $3.68 per gallon, while the retail pump price is $3.96 or LD 790. Fuel oil remains at $3.98 per gallon for wholesale and $4.26 or LD 850 for retail. These prices are based on the Central Bank of Liberia’s official exchange rate of LD 198.82 to USD 1.00.
MOCI and LPRC emphasized that they will enforce these ceiling prices through their Inspectorate Team to prevent unauthorized price increases. According to the statement, the agencies will intensify monitoring efforts to protect consumers from exploitation and ensure compliance throughout the supply chain.
The Ministry of Commerce also pledged to work closely with petroleum importers and retailers to promote fair competition and prevent practices that could distort the market. The statement stressed the importance of maintaining industry standards that prioritize the interests of the Liberian public.
The Liberia Petroleum Refining Company reaffirmed its commitment to supporting the nation’s industrial growth and ensuring a steady supply of petroleum products. The agency reiterated its motto, “Keeping the Wheels of Industry Turning,” highlighting its role in stabilizing Liberia’s energy sector.
NPHIL Opens Bidding Process for Renovation of National Reference Laboratory
The National Public Health Institute of Liberia (NPHIL) launched a competitive bidding process on Tuesday, March 4, 2025, to renovate the National Reference Laboratory (NRL) building in Charlesville, Margibi County. This initiative is part of NPHIL’s broader efforts to improve Liberia’s public health services and research infrastructure.
The bidding process also includes procuring scratch cards and catering services for the Institute, which will help enhance its operations’ overall functionality and efficiency. These renovations aim to upgrade the NRL’s facilities, ensuring that the laboratory can provide better services for public health research and diagnostics.
The bid opening ceremony was conducted in full compliance with the Public Procurement and Concessions Act of Liberia, promoting transparency and accountability. NPHIL officials verified that all submitted bids met the necessary requirements and publicly announced the details of each submission.
Although the formal bid opening took place on March 4, NPHIL officials emphasized that the next steps would involve detailed evaluations to determine which proposals offer the best value and meet the required standards for the project. The final selection of bidders will be based on the responsiveness and competitiveness of their offers.
