CovigGbl eySples veda : = SIERRA LEONE PRESS RELEASE MAXIMUM RETAIL PUMP PRICES ANNOUNCEMENT The Petroleum Regulatory Agency ( PRA) with the Ministry of Finance, the Misty of Trade & Industry and the Oil Marketing Companies have joint reviewed the maximum ump prices of petroleum products which wil bein force effective 30° June 2022. Accordingly, pump prices effective 30" June 2022 for the public have been adjusted as follows: |__PRODUCT PETROL DIESEL KEROSENE FUEL OIL ‘Al bulk up-ers shal pay ful pass-through. All commerce consumers including mining companies shall pay in US Dollars,cho ee eg a SIERRA LEONE PRESS RELEASE MAXIMUM. IMP PRICES ANI NT — JUNE 2022 The Petroleum Regulatory Agency ( PRA ) withthe Ministry of Finance , the Ministry of Trade & Industry and the Oli Marketing Companies have jointly reviewed the maximum pump prices of petroleum products which wil be in force effective SP June 2022 Sierra Leone's fuel prices are adjusted monthly which is driven by Intemational factors, vinich includes refined products at a predetermined price set al Global Markels including cost of importation, shipping costs and premium. PLATTS: Oil prices continue to climb as global supply declines. The average International oil reference price has increased by 90.59% and 102.59% for petro! and diesel respectively within the same period in 2021. Platts - US Dollars Petrol Diesel ] May 2022 122746 | Jan 2022 02.00 |“ 5a05% 90% | May 2024 44.0 | 90.50% | 536.70__| 102.59% SMOOTHENING MECHANISM: As at 31% May 2022, the cumulative smoothening mechanism amounted to a negative balance for petrol, diesel, Kerosene and fuel oil as implemented in the pricing structure through stabilisation funds. UPAF: The uniform price adjustment factor of Le70 remain protected to ensure uniform pump price throughout Sierra Leone, Accordingly, pump prices for June 2022 have been adjusted as follows: * Petrol: Le 18,000 © Diesel: — Le18,000 © Kerosene: Le18,000 ‘* Fuel Oil: Le18,000 Dated: 9" June 2022. 08409 Email: info(@peaslons wmwaprashongCome Gl ny Seppe aL ———————— ‘be SIERRA LEONE PRESS RELEASE RETAIL PUMP PRICES ANNOUNCEMENT The Petroleum Regulatory Agency ( PRA ) with the Ministry of Finance , the Ministry of Trade & Industry and the Oi! Marketing Companies have jointly reviewed the maximum retail pump prices of petroleum products. ‘Accordingly, pump prices effective 19* October 2022 for the public throughout Sierra Leone are as follows: PRODUCT PETROL DIESEL KEROSENE | FUEL OIL PUMP PRICE NLe20 NLe20 NLe20 NLe20 The combined effects of the intemational reference price, platts and the appreciation of the trading currency ( USD / SLL ) have impacted the changes in the pump prices. The policy of full pass-through prices will remain applicable to all commercial up- liters and paym iciled in USD.