The Liberian government announced a significant increase in fuel prices effective April 4, 2026, driven by rising global crude costs and a weakening local currency. Under the new pricing, gasoline has risen to $5.09 per gallon while diesel has jumped to $6.55, marking a sharp month-on-month climb fueled by Middle East conflicts and the closure of the Strait of Hormuz. Because Liberia imports almost all of its refined petroleum, officials state these adjustments are necessary to reflect international market conditions. However, the price hike is expected to trigger a ripple effect, increasing the cost of transportation, food, and basic goods for households already struggling with high living expenses.
Credit : CGTN
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