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The Ministry of Finance, in collaboration with the National Revenue Authority (NRA) and Petroleum Regulatory Agency (PRA), launched the Fuel Integrity System (FIS) on March 1, 2024, at the National Petroleum (NP) terminal at Shell in Freetown.
This initiative targets oil marketing companies and aims to curb fuel smuggling, adulteration, and tax evasion within the country’s fuel supply chain.
The FIS is a technological solution that will mark all petroleum products leaving depots across Sierra Leone before they reach the market. Products found unmarked after three months from March 1, 2024, will be considered illegal, and the NRA will take legal action as mandated by law.
The Commissioner General of the NRA, Mrs. Jeneba J. Bangura, assured that the markings will not affect fuel quality, color, pump price, or incur additional taxes.
The authorities expect full compliance from Oil Marketing Companies (OMCs) and other stakeholders. Failure to comply could result in severe penalties and legal repercussions.
Monitoring is an an incurable disease that is always making good plans failed