Regarding fuel costs, the world has recently experienced a rollercoaster. According to recent reports, the high cost of fuel has caused some degree of discontent in a number of the continent’s nations. Due to growing gas prices, countries like Kenya have had a fair number of protests. High gasoline price is also having a negative impact on Nigeria, which just ended its costly fuel subsidy program.
While a number of African countries sell fuel below the global average price of $1.33 per liter, the issue remains that some of these developing economies are not strong enough to withstand the economic ripple effect, and thus selling gasoline at an average price appears to be a very expensive cost.
The ten African nations with the highest fuel prices are shown below. The list is courtesy of GlobalPetrolPrices.com, a platform that updates fuel prices across the globe daily.
|Rank||Country||Fuel price ($)/liter||Global rank|
|1.||Central Africa Republic||$1.841||27th|