Liberia: Petroleum Prices Scarcity to Heighten This Week As Importers Hoard over Demand for Price Increment - News Summed Up

Liberia: Petroleum Prices Scarcity to Heighten This Week As Importers Hoard over Demand for Price Increment


MONROVIA – Liberians could begin experiencing what could be a major artificial scarcity of petroleum products beginning this week. Their demands, according to them, are due to the high cost they had to pay to import the products to Liberia. The price of petroleum products began skyrocketing at the start of the Russian-Ukraine crisis. The importers are holding their products at the Freeport and trust me by Monday, the price of a gallon of petroleum products will skyrocket,” a local deal said. In April, the Government of Liberia (GOL) announced new adjustments in the market price of petroleum products on the Liberian market.


Source: Front Page Africa May 23, 2022 15:59 UTC



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