By Pewu Y. Sumo
MONROVIA – Information Minister Jerolinmek Matthew Piah has sent a strong caveat to petroleum importers and retailers, declaring that the Government of Liberia will revoke the operating licenses of any business found guilty of hoarding fuel or creating “artificial shortages” to exploit the public.
Speaking on Tuesday, March 17, 2026, during the Ministry of Information (MOI) regular press briefing, Minister Piah emphasized that the government will continue to ensure the availability of petroleum products on the Liberian market but is fully aware of the tactics used by some unscrupulous dealers to withhold products in anticipation of higher prices.
The Minister clarified that while global market volatility—exacerbated by ongoing tensions in the Middle East and disruptions in the Strait of Hormuz—has pressured international oil prices, Liberia currently maintains adequate stock to meet domestic demand.
“We are keeping petroleum products and other essential goods available.”
“We are working with all the importers to make sure we remain on track but what we will not tolerate for an inch is —no one will be allowed to create a situation of scarcity,” the government spokesperson blasted.
While there has been an increase in the prices of both Gasoline (PMS) and Diesel (AGO) due to global market increase amid US-Isreal vs Iran conflicts, the government continue to claim full control of the situation.
Recently, a circular issued by the Liberia Petroleum Refining Company (LRPC) updated the current price of petroleum products, with Gasoline (PMS) US$4.87 (L$910.00) and Diesel US$ 5.78 (L$ 1,080.00).
Minister Piah confirmed that Liberia Petroleum Refining Company (LPRC) and the Ministry of Commerce and Industry’s Inspectorate Division are carrying on nationwide monitoring. The inspections will target filling stations that are reportedly “closed” to the public despite having fuel in their underground tanks.
The Information Minister warning comes in the wake of sharp increased in the price of petroleum products as citizens frown over transportation fares.
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