The Acting chairperson of the Independent National Commission on Human Rights (INCHR), Atty. Bartholomew B. Colley, says he is very concerned about the troubling economic environment.
But the Ministry of Commerce & Industry and the Liberia Petroleum Refining Company (LPRC) on Monday announced with immediate effect a twelve United States cents and 13 United States cents increase in the prices of gasoline and diesel fuel respectively.
Atty. Colley made the assertion yesterday in Monrovia, noting that the skyrocketing of commodities prices is a striking concern as the situation is threatening the livelihood, survival and safety of most Liberians.
In view of this, he said, “We are calling on the Government through its responsible ministries and agencies to launch an investigation and determine whether the situation is as a result of hoarding, global economic effect, economic sabotage or sheer wickedness on the part of selfish individuals who want to maximize profits at the expense and detriment of the poverty stricken citizens.”
According to Atty. Colley, the result of this investigation is necessary in order to provide information to the population as they are entitled to proper information and to also the government must prosecute unscrupulous persons who have no regard for the basic rights of others and the rule of law.
According to the petroleum price circular issued by the government, the retail pump price for a gallon of gasoline is now US $3.37 or its Liberian dollar equivalent of LRD$440 while the retail pump price for a gallon of diesel fuel is now US$3.44 or its Liberian dollar equivalent of LRD $450.
The decision to increase the prices of gasoline and diesel fuel on the Liberian market is a result of a shift in the parimeters that are frequently used to determine the prices of these products in the country, the circular, issued by the LPRC, said.