‘The price we pay’ for fuel in Sierra Leone

February 2, 2015 10:55 AM

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I am not sure what or how much did the oil marketers in Sierra Leone do to let the public know that the current free-fall in prices of oil and related products on the world market is not sustainable. I am saying the Sierra Leone government should never have rushed into reviewing pump prices as a consequence of those externalities that do not resonate here well.

Inadvertently, we would be celebrating in a vacuum. Even those analysts, who were positive above more reduction in global oil prices, also feared that “the pressures for low oil prices in the long term include the possible lifting of sanctions on Iran and Russia and the ending of civil wars in Iraq ...

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