Difference between revisions of "Fuel Prices Liberia"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Liberia
 
|Fuel Price Country=Liberia
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|Fuel Pricing Policies="Pricing policy: Ministry of Commerce and Industry sets price ceilings for gasoline, diesel, and kerosene. In Apr 2012, government eliminated customs duties on fuels for schools, clinics and hospitals that are deemed by the minister of finance to be inadequately covered by budgetary appropriation or subsidies, as well as Liberia Electricity Corporation, Liberia Broadcasting System, and National Transit Authority.
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Information: Ministry of Commerce and Industry announces new wholesale and retail prices of gasoline, diesel, and kerosene on its Web site."
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(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
|Fuel Currency=USD
 
|Fuel Currency=USD
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|Fuel Price Exchange Rate Date=
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|Fuel Price Graph Annotation=US$ used as local currency for fuel pricing
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|Fuel Price Last Updated=
 
 
|Fuel Price Composition=GIZ_IFP2012_Liberia.png
 
|Fuel Price Composition=GIZ_IFP2012_Liberia.png
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|Fuel Price Composition Date=
 
 
|Fuel Price Composition Annotation=The latest official information (of 2009) available implies a retail margin of 18 US Cents per gallon (or 4.75 US-Cents per liter). The given values are as shown above (price per gallon).
 
|Fuel Price Composition Annotation=The latest official information (of 2009) available implies a retail margin of 18 US Cents per gallon (or 4.75 US-Cents per liter). The given values are as shown above (price per gallon).
  
 
There is no further information available.
 
There is no further information available.
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|Fuel Pricing Policies=The Ministry of Industry and Commerce is in charge of setting maximum („ceiling“) fuel prices in Liberia. According to them, these prices are determined „in close consultation with the management of the Liberia Petroleum Refining Company (LPRC)“, being the state-owned refining monopolist in Liberia.
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|Fuel Matrix Pricing Mechanism=2
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The ministry used to publish press releases each time the petroleum prices changed. However, the latest press release available concerning fuel prices is of June 2009. Until then, it appears that prices were not revised on a regular basis (e.g. monthly).
 
 
|Fuel Matrix Price Level=2
 
|Fuel Matrix Price Level=2
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|Fuel Matrix Pricing Mechanism=2
 
 
|Fuel Matrix Annotation=Only obsolete information is available on the official website. Information on price composition is missing (except for the retail margin).
 
|Fuel Matrix Annotation=Only obsolete information is available on the official website. Information on price composition is missing (except for the retail margin).
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Price Composition=1
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|Fuel Price Factsheet Source Link=http://www.moci.gov.lr/
 
|Fuel Price Factsheet Source Link=http://www.moci.gov.lr/
 
}}
 
}}
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[[Category:Liberia]]

Latest revision as of 13:06, 23 September 2014

Part of: GIZ International Fuel Price database
Also see: Liberia Energy Situation

Fuel Pricing Policies

Local Currency: USD
Exchange Rate:


Last Update:

"Pricing policy: Ministry of Commerce and Industry sets price ceilings for gasoline, diesel, and kerosene. In Apr 2012, government eliminated customs duties on fuels for schools, clinics and hospitals that are deemed by the minister of finance to be inadequately covered by budgetary appropriation or subsidies, as well as Liberia Electricity Corporation, Liberia Broadcasting System, and National Transit Authority.

Information: Ministry of Commerce and Industry announces new wholesale and retail prices of gasoline, diesel, and kerosene on its Web site."

(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



US$ used as local currency for fuel pricing

Fuel Price Composition

Price composition.


GIZ IFP2012 Liberia.png


The latest official information (of 2009) available implies a retail margin of 18 US Cents per gallon (or 4.75 US-Cents per liter). The given values are as shown above (price per gallon).

There is no further information available.



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight red.png


Only obsolete information is available on the official website. Information on price composition is missing (except for the retail margin).


Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.moci.gov.lr/
Pump prices and margins http://www.moci.gov.lr/content.php?sub=13&related=7&res=13&third=13
Wholesale Prices http://www.moci.gov.lr/content.php?sub=13&related=7&res=13&third=13


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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