Fuel Prices Increased
By Musa Conteh
The National Petroleum Regulatory Authority (NPRA) on Wednesday 28th 2026, held a stakeholders conference with the media following the sudden increase in fuel prices recorded earlier this morning.
The meeting chaired by the Director General of the NPRA, Brima Baluwa Koroma was convened to ally public concerns over the adjustment in pump prices for petroleum products. During the briefing, it was disclosed that the price of diesel moved from NLe 27.3 to NLe 28.5 while petrol increased from NLe 27.4 to NLe 28.5 representing a small marginal differences of NLe 1.1.
Explaining the reason for the increase, the Director General maintained that petroleum companies import fuel from foreign countries and pay in foreign currency, making the industry highly vulnerable to fluctuations in the exchange rate. He emphasized that the current global market conditions and foreign exchange pressures continue to affect landing costs and pricing.
The NPRA boss further highlighted several challenges facing the petroleum industry, including rising import costs, foreign currency scarcity, and operational expenses incurred by oil marketing companies. He assured stakeholders that the Authority remains committed to regulating prices transparently while balancing the interests of consumers and industry players.
The NPRA boss called for public understanding, stressing that the price adjustment was necessary to sustain fuel supply and avoid shortages. He also reaffirmed NPRA’s commitment to continuous engagement with stakeholders to ensure stability within the petroleum sector.
