Native Consortium Urges Further Fuel Price Reduction Despite Recent Cut to NLe 28

The Native Consortium and Research Center, a prominent advocacy group, has responded to the recent reduction in fuel prices to NLe 28 per liter, calling for further cuts to better align with global market conditions. Edmond Abu, Executive Director of the Consortium, has expressed dissatisfaction with the current reduction, urging the Petroleum Regulatory Agency (PRA) to lower the pump price to NLe 25.

In a statement released today, Abu emphasized that the current fuel price is still not reflective of the substantial decrease in global oil prices. He argued that a price of NLe 25 would be more proportionate and provide much-needed relief to Sierra Leoneans who are grappling with high living costs.

“The reduction to NLe 28 is a step in the right direction, but it does not go far enough,” Abu said. “Given the significant drop in oil prices on the world market, we believe that the price at the pump should be reduced to NLe 25. This adjustment is crucial for ensuring that the benefits of lower global prices are passed on to the ordinary citizens, particularly in the transport sector.”

Abu further stressed that a reduction to NLe 25 would have a direct impact on transport fares, particularly for the commonly used polo-to-polo services, making daily commutes more affordable for the average Sierra Leonean.

The Consortium has been at the forefront of advocating for consumer rights and fair pricing, frequently engaging with government agencies and stakeholders in the oil and gas sector. The call for further reductions comes amid growing public concern over the cost of living, with transportation costs being a significant burden for many households.

Comment(s)

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

| 2024-09-03 18:46:43

It might be a disappointment from the side of the citizens if PRA they do not take the citizens welfare into consideration even when the global market has extended a fair deal in the oil market and therefore we are highly expecting a proportionate review of the oil and gas price in the local market by PRA to reflect the global reduction .
| 2024-09-03 13:23:18

Please do more reduction to reflect the present cost of living afffecting our people.
| 2024-09-03 10:12:17

Are they even pumping at the Le28 price? Almost all the filling stations are closed 🤷🤷🤷 Hmmmmm 🤔
| 2024-09-03 07:50:13

Sure my bro
| 2024-09-03 04:52:10

The recent reduction of fuel price which is Le 500 old Leone is not necessary they should have cut le 5 new Leone instead, because when it's their time to increase they usually add le 5 new Leone.the wickedness of this country 🇸🇱 is too much.
Mustapha sambolah | 2024-09-02 23:20:34

Brima Baluwa koroma should try to do the needful, the cost of living is really a burden on the proverbial sierra Leonean. Please president Bio help to salvage the living condition of citizens whose salaries cannot afford them the three square meals.