Africa-Press – Sierra-Leone. Zala Petroleum and the Leonoil Company have officially reduced the pump prices of their petroleum products, setting new prices at Le25 per litre for petrol at Leonco stations, and Le23 per litre for both gasoline and diesel at Zala stations. Diesel is also being sold at Le23 at Leonco outlets.
The announcement follows growing market competition and mounting public pressure, particularly from the Native Consortium, which has consistently advocated for lower fuel prices.
Despite these reductions by private companies, the official government pump price remains at Le27.3. Edmond Abu, Executive Director of the Native Consortium, has presented what he describes as substantial evidence supporting a further reduction to Le22. “What are you waiting for?” he asked, urging the government to act without delay.
The decision by LeoneCo to adjust its prices is seen as a significant victory for the Sierra Leonean public. The Native Consortium, which has been vocal in its demands for price reductions, expressed satisfaction with the outcome.
“Though we have put enormous pressure on the PRA to reduce the pump price, LeoneCo took this decision because of the competition posed by Zala,” stated a representative of the Consortium.
The question many are asking is, “Why now?” The answer, according to sources within LeoneCo, is the need to remain competitive in a challenging market environment.
In recognition of the efforts made by the Native Consortium, commendation has been extended to their staff across various regions for their hard work.
“We shall be calling the bloggers and the mainstream media for more exposure on Tuesday, June 10, in Bo,” the report announced. However, they cautioned that the fight is not over. “Until PRA puts the pump price down to Le 23, we won’t rest,” they added.
The Consortium argues that fuel can be sold at Le 23 while still allowing Oil Marketing Companies (OMCs) and dealers to maintain substantial profits. This assertion has gained traction in public discussions, asserting the potential for further price reductions.
Due to budget constraints, the Native Consortium has poised to invite a selected number of media institutions to the upcoming event on Tuesday, aiming to maximize their outreach and continue advocating for fair fuel prices in Sierra Leone.
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