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Bility assures end to petroleum crisis

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One of Liberia’s leading petroleum importers and Chief Executive Officer of SRIMEX Oil and Gas Company Musa Bility has assured the public that as of today, 30 October, the petroleum crisis in the country will be over.

Speaking on local broadcaster Ok FM Monday, 29 October, Mr. Bility said petroleum importers here are working along with authorities at the Liberia Petroleum Refinery Company (LPRC) to address the issue of petroleum price on the Liberian market.

“I always tell people that Liberia doesn’t produce fuel. So because of that we don’t determine the cost of the fuel. When the international price of the fuel goes up, the price of fuel must go up here in Liberia,” he says.

According to Mr. Bility, the Managing Director of LPRC and the Minister Commerce were quiet reluctant on setting standards as to when prices go up or drop.

He observes that when there is increase in the price of petroleum products on the international market, it immediately affects the everyday lives of people.

The SRIMEX CEO recalls that in 2006, Liberia again faced the same problem while he was serving as chairman on the board of the National Port Authority (NPA) and also a petroleum importer.
He continues that during the regime of former President Ellen Johnson Sirleaf, the government than refused to increase the price.

According to Bility, he was the only person at that time that had fuel in the country and the government gave him a small discount on how much storage he should pay.

“One cent, two cent in the price put the government in a difficult position. So any government, not this government, will react in the same way. Its takes negotiation which we are doing now to bring reasonable solution that doesn’t put too much burden on the Liberian people,” Bility continues.–Edited by Winston W. Parley

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