Petroleum Regulatory Agency Announces Decrease in Fuel Prices

The Petroleum Regulatory Agency has announced a decrease in prices of petroleum products with immediate effect on the 2nd of October 2024.

The agency in a press release stated that they made the decision after they completed the collation and computation of the maximum retail prices of petroleum products for the month of October 2024.

They went on to state that the oil market has recorded a strong recovery during the start of September 2024 leading to stable global oil prices and a stronger Leone versus the US dollar further affecting the domestic pump prices for petroleum products.

The Agency further outlined that this has been the fourth time the country has recorded a price cut at the pumps in the market.

The release also outlined the reasons for the decrease in the prices, stating that results from relevant parameters made the output of the fuel prices recorded an over-recovery for petrol, diesel, fuel oil, and kerosene with the following adjustments:

Price Correction Levy: Petrol and Diesel prices have been adjusted by NLe0.24 and NLe0.18 respectively to account for discrepancies.

Debt Recovery Fund: The amounts of NLe0.20 and NLe0.06 have been transferred to debt recovery funds for petrol and diesel respectively.

Infrastructural Development Fund: The sum of NLe0.50 each for petrol and diesel has been reallocated to support the IDF.

These parameters affected the decrease in pump prices for the month of October 2024 to.

PETROL 27.30

DIESEL 27.40

KEROSENE 25.03

FUEL OIL 25.11

At the end of the release, the Agency allotted the effect of the prices and said it shall remain in effect until revised by the Petroleum Regulatory Agency.

Comment(s)

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

| 2024-10-03 09:56:28

Make nor bodi nor tell u lie Salon na wan kind rubbish contry. Just imagine when dem kin ready for add the price kin sky rocket. But wen dem ready for reduce na lek how tortoise dea walker..
| 2024-10-03 07:47:45

The citizens are still not happy with the price we are expecting at least Le 20
| 2024-10-02 21:33:53

Shame on you not even 1leone Na na provoking to the highest degree
| 2024-10-02 14:55:08

But the transportation fare never reduce per distance.so the reduction is not important to citizens
| 2024-10-02 13:21:36

Na so so ala kie ,na d country, huna nor day shame for tok bot dis
| 2024-10-02 13:07:14

More effort needed to be done
| 2024-10-02 12:35:07

Mr President more need to be done Before it's too late plz Our expectations le20 or at least le25
| 2024-10-02 12:26:15

I don't understand
cheerful1dd187cd55 | 2024-10-02 12:03:59

Small Small
| 2024-10-02 11:45:15

Good try Mr president but you have to due more for the people of this country. We expect the price of fuel should put down more than this one
| 2024-10-02 11:35:31

Completely joke 🤣
| 2024-10-02 11:34:33

Transport price now
| 2024-10-02 11:34:13

Thank Mr president but u for do more For the respect of we money fuel for dae ten Leone
| 2024-10-02 11:19:47

We are expecting the sum of 15le or 10le per letter
| 2024-10-02 11:17:28

Alhamdulilah, but you have to do more BCOS by reducing d fuel price by just 70 cent and 60 cent respectively for petrol and diesel has nothing to celebrate while d transportation prices remain d same. We need more to be done sir
| 2024-10-02 11:14:40

Seriously 😂 27. Make transport dae 3 leone e go better
| 2024-10-02 11:06:52

😀😀😀oh Salone
| 2024-10-02 11:06:29

Oh my goodness this country na scam
| 2024-10-02 11:05:42

According to the barrel price at the world market,fuel should be sold at Le 20
| 2024-10-02 11:03:35

This reduction has nothing to do with the people's welfare... this guys are just being wicked
| 2024-10-02 10:52:08

Of cause that is our expectation the price decrease to 25k it will better for the citizens of this country sierra leone
| 2024-10-02 10:47:52

At least you should have removed the eight 🎱 Leones but this one makes no sense my president
| 2024-10-02 10:45:20

That rubbish, what impact will it create. I had they use our money to support IDF, I hope is not what am thinking. I hope is not the IDF forces ( Israel )
| 2024-10-02 10:39:14

this is not encouraging le 1 nooo
| 2024-10-02 10:20:04

Alhamdualilah
| 2024-10-02 10:16:00

This reducing Price It's Not encouraging for the citizens, let the Price low, like 15 k, when you add the fuel Price you add 5 Leone per letter reducing 1 Leone It's Not good. You have More to do Mr president. You must true to yourself.
| 2024-10-02 10:09:39

The deduction does not reflect nothing to the people of sierra Leone
| 2024-10-02 10:03:28

Dem 4 don lef am d same 28 Leones because d one wa dem reduce nor da create no inpart to lives of d odenary Sierra Leonean den
| 2024-10-02 10:01:23

I was expecting the price cut at 26.00 or 25.00