The Liberia Petroleum Refining Company (LPRC) is pleased to announce that it has entered into discussions with the Kuwait Petroleum Company (KPC) for the supply of petroleum products at concessionary price. These discussions are the result of a request made by President Ellen Johnson Sirleaf during her last visit to Kuwait.
The request is for a special commercial arrangement between LPRC and KPC for the supply of petroleum products at discount price to enable LPRC bring relief in the form of fuel subsidy to the Liberia Electricity Corporation (LEC), National Transit Authority (NTA) and the JFK Hospital, among others.
The intention is to help these institutions reduce the high cost of fuel and pass on the savings by expanding services to larger segments of the population, including vulnerable sectors. For example, it will assist LEC in expanding power access to low income families. The NTA will pass on its savings by reduced fares to certain categories of customers including students, security personnel in uniform and the elderly.