Commerce Ministry to Start Easing Gasoline Crisis Today -Promises Distribution of 6.3M Gallons

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The Ministry of Commerce and Industry (MoCI), Professor Wilson K. Tarpeh, says a verified quantity of 18,000 (eighteen thousand) metric tons of gas, representing 6.3 million gallons will fully be distributed to the public for consumption; warns that its restriction on the sale of gasoline products in containers remains in force.

A Commerce Ministry release quoting the Ministry indicated that the distribution will salvage the queues at filling stations

“The queues at filling stations will disappear by Monday, February 24 and Tuesday, 25th February, 2020 as efforts to overcome the recent gasoline crisis continue,” the Commerce Ministry release stated, indicating that the queues are still visible owing to limited    logistics in moving tankers to filling stations

The Commerce Ministry, the Liberia Petroleum Refinery Company (LPRC) and importers, are working together to overcome the gasoline crisis, the release said.

In a related development, the Ministry warned that its restriction on the sale of gasoline products in containers remains in force and that those found in the habit of   hoarding or selling the products above the approved price of $ LRD635.00 per gallon for PMS and $LRD 730.00 for AGO   should desist, or face disciplinary measures.

At the same time the Ministry of Commerce and Industry has instituted a number of measures intended to enhance accountability, transparency and confidence the Liberian petroleum sector.

In line with the measures, inspectors and monitors from the Ministry will now be assigned to LPRC’s Loading Rack and related areas, effective Monday, February 24, 2020.

In its release, the Commerce Ministry further said it has instructed the Management of the Liberia Petroleum Refining Company to re-institute the Transparency Reporting Regime which will provide the inventory level of each and every importer on a daily basis, to the importers, with copies to the Ministries of Commerce and Industry, Finance and Development Planning and State for Presidential Affairs.

The Commerce Ministry will also commence the effective recalibration of all trucks and tanks to ensure that their measurements are consistent with established industry standards.

The announced actions, the release said, will help to avert any further recurrence of the recent gasoline crisis in the country and to protect the industry.

Meanwhile the Commerce Ministry is commending LPRC and CORNEX, the two storage facilities, for extending their working hours up to 9:00 PM and expressed gratitude to the public for the patience exercised during the gasoline crisis.

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