Africa, a continent rich with natural resources and economic variety, yet surprises with the potential to provide some of the most reasonably priced diesel fuels around. Diesel pricing gives an interesting image at the crossroads of legislative decisions, abundance of oil supplies, and different degrees of economic development.
Countries like Libya and Angola, with abundant oil reserves, maintain low fuel prices, while nations such as Ethiopia and Liberia, which depend on imports, face higher costs. The fact that diesel prices are reasonably affordable for Africa highlights its possible hub for manufacturing, logistics, and energy sectors. Here are the 10 African countries that currently boast the lowest diesel prices, according to Global Petrol Prices.
Rank | Country | Diesel prices | Global rank |
1. | Libya | $0.030 | 3rd |
2. | Algeria | $0.214 | 4th |
3. | Angola | $0.219 | 5th |
4. | Egypt | $0.268 | 6th |
5. | Sudan | $0.656 | 18th |
6. | Tunisia | $0.693 | 21st |
7. | Ethiopia | $0.785 | 27th |
8. | Liberia | $0.903 | 38th |
9. | Gabon | $0.908 | 42nd |
10. | Nigeria | $0.927 | 45th |
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* Source: Business Insider Africa; Business Day.