Sierra Leone Road Transport Cooperation (SLRTC) has announced new transportation prices for government buses and private sector operators provincial across the country.
This comes after the Government recently announced a revision of its fuel pricing structure, marking the first major change in 30 years.
This new pricing regime, developed in collaboration with the World Bank and other key stakeholders, aims to bring greater transparency, economic stability, and social equity to the country’s fuel market.
“The changes will ensure that the final retail prices reflect the true cost of production and consumption of different fuel types,” said a spokesperson from the Petroleum Regulatory Agency (PRA).
“This is a critical step towards aligning our fuel prices with market realities.”
Since the last review in March 2024, international oil prices have seen marginal declines: petrol by 2.20%, diesel by 6.14%, kerosene by 3.59%, and fuel oil by 1.83%. Additionally, the USD/SLL exchange rate has remained relatively stable, appreciating by an average of 0.54%.
Effective from midnight on 30th June 2024, the new pump prices in Sierra Leonean New Leones (NLe) are as follows:
– Petrol: NLe 28.50
– Diesel: NLe 28.50
– Kerosene: NLe 27.40
– Fuel Oil: NLe 25.30
“The revised prices will remain in effect until further notice,” stated PRA.
Meanwhioe, below are the new transportation fare prices for SLRTC buses and private sector operators for provincial across cities: