The Government of Liberia set price for gasoline is US$3.21 while fuel is being sold US$3.80 per gallon. The sudden shortage created a sudden hike in the price of gasoline, especially with those in sell along the sidewalks (can boys). As the news of the shortage spread, gas prices in Paynesville and Monrovia soared at the discretion of the seller. “This assurance comes in the wake of unsubstantiated information that there is a shortage of petroleum products in the country. “Any importer, distributor or retailer found hoarding or selling products above the stipulated price will be dealt with in accordance with the law,” the LPRC statement cautioned.

Source: Front Page Africa January 22, 2020 05:37 UTC