Government Announces New Fuel Prices For August 2024

05 August, 2024 |

Government Announces New Fuel Prices For August 2024

Aaron Parker

The Petroleum Regulatory Agency (PRA) of Sierra Leone has announced updated fuel prices for August 2024, effective from today, 5th August. This adjustment follows a rise in global petroleum prices and a slight depreciation of the Leone against the US dollar.

According to the PRA’s press release, global market prices for petroleum products have increased due to higher demand during the summer period. The Leone experienced a minor decline of 0.43% against the USD in July, from NLe23.28 to NLe23.38.

The release also notes an under-recovery of NLe0.36 for petrol, which has been addressed through a price correction levy. Additionally, a debt recovery levy will recover NLe0.97 for petrol and NLe0.24 for diesel to stabilize prices.

The approved pump prices for August 2024 are as follows:

Petrol: NLe28.50 per litre
Diesel: NLe28.50 per litre
Kerosene: NLe27.49 per litre
Fuel Oil: NLe25.89 per litre

These prices will remain in effect until further notice from the PRA.

MORE ABOUT: bigstory | featured | Petroleum Regulatory Agency (PRA)

Comment(s)

Disclaimer: Comments expressed here do not reflect the opinions of Sierraloaded or any employee thereof.

Brima Santigie | 2024-08-05 20:22:06

The question that needs to be investigated is this - Is price fixing (by the Government) a good thing? Should we leave the market to regulate itself. The answer should be based on good research and data. I believe it should not be the job of PRA to fix prices but to provide policies and a regulatory framework. You ask a good question. This is silliness on the part of the government. They are trying to make it look like they are helping, but they are not. Importers pay a price for fuel, pay to ship it, inland costs and they have to make a profit, all of which government has to be mindful of. Just have rules in place that prevents the consumer getting taken advantage of and let the market set prices. Today they are raising prices, next month they may be cutting, because in the 30 days to today, oil is down over 10%, so do they play games again next month? Private industry should not have prices set for them like this, unless they are raping the people.
| 2024-08-05 19:29:25

Sierraloaded is too childish
| 2024-08-05 18:32:23

The question that needs to be investigated is this - Is price fixing (by the Government) a good thing? Should we leave the market to regulate itself. The answer should be based on good research and data. I believe it should not be the job of PRA to fix prices but to provide policies and a regulatory framework.
| 2024-08-05 16:18:21

No to wi beziness dae. Wotin na d differences nw. Som man nor soba, aaaa salon
| 2024-08-05 16:11:00

Who is fooling who 🤷‍♂️
| 2024-08-05 15:45:57

When will things be cheaper in sierra Leone anyway let's hope on God because the president is not the one selling the items and he is also doing his best for the development of the country as well
| 2024-08-05 13:53:47

Nar now I know say emmerson nar future Teller, the music way ee sing before nar been for paopa.not to for tejan kabba . We ee been title them as bobor belly, sbegba and question time, we really need to ask this government if minus × plus =multiplication, because our price in sierra Leone is always multiply inside of substraction
| 2024-08-05 13:32:08

My lovely Mom telling me before he died, he said sierra leone business in not easily at all times, all spp itz also know has scammer •
| 2024-08-05 13:19:29

salone na country 🤣🤣🤣what is the difference?
| 2024-08-05 13:15:19

Leh wi continue for drink bear N go luk nar cow yard, buy u goat pepe soup n chill. Emmerson say mak wi hope to God yah. Bra paopa cam meet res nar NLe 200 now nar NLe 995. Hmmmm. Dis nar real sufferation progressiveness gain. Hahaha
Alusine Thoronka | 2024-08-05 13:06:04

Tolongbo nor go sidon yah angry boku aaaaaa. Tolongbo nor go sidon yah di suffer boku ... Paopa don cam now du killing boku aaaaa. Paopa don cam now di price nor get control. Paopa Maada don bi president nar travel aaa. Paopa Maada don Bi president nar so so fly fly.🤣🤣🤣🤣🤣🤣🤣
| 2024-08-05 13:02:15

Mr government, please stop playing on the mindset of the people
| 2024-08-05 12:29:34

Which changes way take place now
| 2024-08-05 12:28:06

😂😂mak we laf de big fool wan dem 😂😂 dem feel sae dem go mix we pa dem big fool 😂😂😂
| 2024-08-05 12:26:30

Total rubbish Instead of them to focus on developing the country they are there looking for what they can publish to the citizens Six feet for all the wicked leaders
| 2024-08-05 12:15:24

No better life for us in this country
| 2024-08-05 12:07:07

It doesn't concern me if government like let them add if they like reduce Me na bor bor pain bo are don embalm with suffer bo
| 2024-08-05 11:59:25

Everything stans steels, no deduction
| 2024-08-05 11:52:34

Sierra Leone 🇸🇱 : Everything from the Government is a scam
| 2024-08-05 11:52:07

No difference is just the same like before
| 2024-08-05 11:51:29

What a madness, stop provocation
ABUWHITE BOCKARIE | 2024-08-05 11:43:39

A Sierra leone 🇸🇱
| 2024-08-05 11:40:58

I see no difference wicked 🖤🖤 government
| 2024-08-05 11:38:38

Every time things are going up without coming down is because Sierra Leoneians are very peaceful in another country it won't happen like this
| 2024-08-05 11:36:40

Salone n country
| 2024-08-05 11:28:45

Can someone explain to me the differeces ?
| 2024-08-05 11:22:43

What's the difference?