Why Is Gasoline Price Still High? - News Summed Up
Why Is Gasoline Price Still High?

Why Is Gasoline Price Still High?

January 27, 2020 02:26 UTC

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Why Is Gasoline Price Still High?


Some of the filling stations across Ganta, including “God Willing, Ma Queen and NP have on their price bulletin L$1,000 for a gallon of gas, but the price of diesel has remained stable. The sharp increase in the price of petroleum products is the first of its kind since 15 years in Ganta. During the raining season and when the roads are deplorable, gasoline can sometimes be sold L$1,000 in remote areas, far from Ganta, but for the commodity price to be high in Ganta is baffling to many travelers. When contacted, some of the vendors said they increased their gas price because of the increment in Monrovia. The gasoline price increase is has created shocks in the economy, with ripple effects felt in the rising prices of other local commodities, due to the high cost of transportation of those commodities.


Source: Daily Observer January 27, 2020 02:26 UTC



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