By Davida Spaine-Solomon
Freetown, 11th May 2026 – Sierra Leone currently has sufficient fuel reserves to meet national demand despite rising global prices, the Director General of the National Petroleum Regulatory Authority (NPRA), Brima Baluwa Koroma, has said.
Speaking at the Government’s Weekly Press Conference, Koroma assured the public that the country holds 45 days of petrol and 58 days of diesel stock, a buffer he said is adequate to ensure uninterrupted supply.
However, he warned that international market pressures continue to drive up costs. Citing the ongoing Gulf conflict as a key factor, Koroma said global fuel prices have surged significantly, with petrol increasing by 78.9 percent, diesel by 100.72 percent, and jet fuel by 102 percent.
To mitigate the impact on consumers, he disclosed that the government is providing a monthly subsidy of $2.6 million. He added that authorities are in continuous engagement with fuel importers to prevent the full burden of these increases from being passed on to the public.
The update comes amid broader concerns over the effect of global energy volatility on domestic fuel pricing and economic stability.
