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PetrolNLe33LitreNLe2
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PetrolNLe33LitreNLe2
DieselNLe35LitreNLe5
KeroseneNLe37.25LitreNLe4.99
Fuel OilNLe30.22LitreNLe0.49
NewsNPRA

NPRA Chief Unveils NP Refurbished Retail Outlet

The Director General of the National Petroleum Regulatory Authority (NPRA), Brima Baluwa Koroma, has officially unveiled another modernized retail fuel outlet belonging to NP (SL) Limited in the Kissy community, Freetown.

In another significant development within Sierra Leone’s petroleum industry, the Director General of the National Petroleum Regulatory Authority (NPRA), Brima Baluwa Koroma, has officially unveiled another modernized retail fuel outlet belonging to NP (SL) Limited in the Kissy community, Freetown.

Speaking at the unveiling ceremony, the NPRA Director General commended the Board, Management, and Staff of NP (SL) Limited for their unwavering commitment and remarkable efforts in strengthening the petroleum sector through improved product sufficiency and efficient service delivery.

He noted that the company’s management continues to leverage its rich history, heritage, success, and corporate culture to enhance public understanding, build trust, and further expand its business growth. He described NP (SL) Limited as “the past, present, and future” of Sierra Leone’s downstream petroleum sector, emphasizing the company’s deep commitment to both the market and the country.

Baluwa Koroma further encouraged NP (SL) Limited to sustain its expansion drive and prioritize initiatives aimed at developing petroleum infrastructure, particularly storage facilities and retail outlets. He added that despite the growing number of operators within the industry, the Government remains fully committed to supporting NP (SL) Limited to ensure its continued growth, sustainability, and contribution to national revenue generation.

He also highlighted that NP has maintained its leading position over the decades and has transformed many of its operations through digital innovation, a move that continues to enhance the company’s visibility and competitiveness across the African sub-region.

The Director General disclosed that the management of NP shares the vision of His Excellency President Julius Maada Bio to ensure the accessibility of petroleum products to Sierra Leoneans.

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Quick answers to common public and operator questions about licensing, pricing and downstream petroleum regulation.

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01How can I apply for a license with the NPRA?
  • Write a letter of intent addressed to the Director General, National Petroleum Regulatory Authority, A.J Momoh Street, British Council, Tower Hill, Freetown.
  • Depending on the business model, the Authority shall advise and give a time frame for licences to be granted.
Licensing
02What is a fuel subsidy?

A fuel subsidy is financial support provided by the Government to reduce the cost of petroleum products paid by consumers.

Fuel Pricing
03Does the Government set fuel prices?

Yes. Fuel prices are approved by the Government using the approved pricing formula to ensure fair, transparent and sustainable pricing.

Fuel Pricing
04How are fuel prices determined?

Fuel prices are determined using an approved pricing formula. The formula takes into account the international reference price for refined petroleum products (Platts), published by S&P Global, the exchange rate provided by the Bank of Sierra Leone, and other costs incurred throughout the petroleum supply chain.

Fuel Pricing
05Why don't fuel prices fall immediately when global prices decline?

Fuel prices are reviewed periodically to minimise the impact of short-term international market fluctuations and promote price stability.

Fuel Pricing