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Popular Sierra Leonean activist, Edmond Abu, has publicly criticized the National Petroleum Regulatory Agency (NPRA) over what he describes as inconsistencies in the country’s fuel pricing regime, particularly in relation to fluctuations in global oil prices.
In a strongly worded statement, Abu questioned the agency’s response to recent changes in international crude oil prices, arguing that reductions in global prices have not been reflected promptly in domestic pump prices. He cited a recent drop in global oil prices—from approximately $110 to $88 per barrel during a reported ceasefire period between Iran and the United States—stating that no corresponding reduction was made in Sierra Leone’s fuel prices at the time.
According to him, the NPRA has instead been quick to consider price increases when global prices rise, noting that crude oil has recently rebounded to around $100 per barrel. He expressed concern over what he described as a lack of balance and transparency in the pricing formula.
Abu also referenced findings from the 2023/2024 Auditor General’s Report, alleging that some Oil Marketing Companies (OMCs) failed to meet tax obligations and infrastructure fee payments. He questioned whether the relevant authorities have taken adequate steps to recover these funds before citing government subsidies as justification for potential fuel price adjustments.
The activist further urged the NPRA to maintain the current subsidy framework until global oil prices exceed a threshold of $115 per barrel, suggesting that such a benchmark could help ensure fairness and protect consumers from premature price hikes.
Addressing President Julius Maada Bio, Abu acknowledged the broader geopolitical factors influencing global oil markets, including tensions in the Strait of Hormuz. However, he maintained that domestic fuel pricing should more accurately reflect global trends, especially during periods of price decline.
He also raised concerns about the role of political actors in the petroleum sector, alleging that influence from individuals with vested interests may be affecting pricing decisions behind the scenes.
In a separate comment, Abu congratulated the National Communications Authority (NatCA) on the construction of its new facility but emphasized that infrastructure development must translate into improved service delivery and stronger consumer protection in the telecommunications sector. He stressed the need for effective regulation to address concerns about service quality and billing practices by mobile network operators.
Abu concluded by calling on regulatory bodies to prioritize accountability, transparency, and the interests of ordinary citizens in their operations
