By Fatmata Jengbe
The National Petroleum Regulatory Agency has made it public that there has been an increase in the pump price of petroleum products , a statement that came after there were long queues at Filling Stations in the country as there was seemingly a recent shortage of these products especially diesel on the market.
A statement released by the National Petroleum Regulatory Agency reads as follow: Following recent developments in the international market of petroleum products, the Petroleum Regulatory Agency, Ministry of Finance, Ministry of Trade and Industry and the Oil Marketing Companies (OMCs), have jointly reviewed the pump prices of petroleum products to reflect the recent movements in the Platts and here announce the following pump prices with immediate effects.
All OMCs and Fuel Dealers nationwide were urged to adhere to the new pump price. The Government and OMCs also agreed to reform the downstream petroleum way of adjusting fuel pump prices that seek the interest of the general public. Fuel prices per litre have been increased by Le 500.
This new price is far below the rumoured Le 12, 000 which had steadily been increasing worries relating to drastic rise in prices of other commodities. At the current rate of petrol, diesel and kerosene increased from Le 8,500 to Le 9,000. It was said many heaved sighs of relief that the increase is not as bad as it was rumoured.
The recent increase in platt price of fuel globally has expectedly caused this increase in litre price.
Officials of the transport sector including Ministers, union representatives of drivers, Motor cycles, motor tricycles etc have assured that the transport fares from point to point will only be increase by one hundred Leones (Le 100) making it Le 1,600 whilst provincial fares are outlined below.
