African Countries with Lowest Fuel Price 2023 | The African Exponent.
The list is courtesy of GlobalPetrolPrices.com, a platform that updates fuel prices across the globe daily. Most African countries sell at or below the global average price of $1.33 per liter.
It is common knowledge that the cost of fuel in any given region has a significant effect on the economy. The cost of fuel, especially gasoline, and diesel, has an impact on a number of areas of everyday living, including consumer spending habits and transportation expenditures.
Certain regions have recently witnessed exceptionally low gasoline prices, which come with their own set of advantages and disadvantages. The impact of escalating fuel prices is profound, affecting not only the African economy but also numerous other nations globally. Industries such as transportation, social welfare, economic progress, and inflation are all deeply affected by fuel costs.
As African nations strive for sustainable development, the intricate challenge of managing surging fuel prices presents a multifaceted dilemma that necessitates thorough investigation and creative solutions. Nevertheless, some countries on the continent continue to enjoy relatively affordable fuel prices.
To put it simply, several African nations offer fuel at rates below the global average of $1.33 per liter, while others face the inconvenience of high fuel costs that can significantly impact their overall economies.
Interestingly, only 13 African countries match or exceed the global average price, showcasing Africa’s potential to mitigate the ongoing global energy crisis.
The following list highlights the ten African nations where fuel prices remain notably low. This compilation is made possible by GlobalPetrolPrices.com, a dynamic platform that consistently updates fuel prices across the globe.
Rank Country Price per ($) liter
1. Libya $0.031
2. Algeria $0.338
3. Angola $0.364
4. Egypt $0.372
5. Tunisia $0.817
6. Nigeria $0.822
7. Liberia $0.937
8. Sudan $0.992
9. Gabon $1.011
10. Botswana $1.073