Our commitment to transparency extends to the pricing mechanisms governing the downstream petroleum sector in Sierra Leone. The PRA Pricing Formula is designed to ensure fairness, competitiveness, and sustainability in the pricing of petroleum products.
The PRA Pricing Formula employs a systematic and data-driven methodology. Regular assessments are conducted to analyze market dynamics, cost structures, and external factors influencing the pricing of petroleum products. This approach ensures that our pricing formula remains responsive to evolving market conditions.
Transparency is at the core of our pricing strategy. The PRA regularly publishes updates on the Pricing Formula, providing stakeholders and the public with insights into the factors influencing petroleum product pricing. We believe that an informed industry is a resilient and thriving one.
CURRENT "SINGLE" PRICING FORMULA - EFFECTIVE 11TH MARCH 2024
| COMPONENTS | PETROL | DIESEL | KEROSENE | FUEL OIL |
|---|
News & Updates
Stay connected with us to explore the dynamic landscape of Sierra Leone's downstream petroleum industry. Whether it's new compliance initiatives, investment opportunities, or industry recognition, this section serves as your gateway to the most recent and relevant information. We invite you to read more and discover how we're shaping the future of the petroleum sector in Sierra Leone.
Here, you'll find timely announcements, insightful articles, and noteworthy updates that highlight our commitment to transparency, compliance, and industry excellence.
British Council Building, Tower Hill, Freetown Sierra Leone
Monday – Friday
8:00 AM – 5.00 PM
+23278321582
© Petroleum Regulatory Agency