As of January 2024, GlobalPetrolPrices.com has compiled a list of the top 10 African countries facing the brunt of exorbitant fuel prices.
Notably, the majority of these countries also featured on the same list in November 2023, underscoring the ongoing challenges posed by elevated fuel costs.
In the intricate web of global economies, the price of fuel serves as a crucial factor that reverberates through various sectors, influencing transportation expenses, commodity prices, and inflation rates.
Governments worldwide recognize the profound impact of escalating fuel costs, prompting them to prioritize the regulation of energy prices.
In Africa, where fuel is not only vital for transportation but also power production, the consequences of soaring fuel prices can be particularly challenging for households.
The immediate aftermath of high fuel costs is a noticeable surge in transportation expenses. This surge has a cascading effect on the prices of goods and services as businesses pass on their heightened operational costs to consumers.
The resulting inflationary pressures add to the complexity of economic challenges faced by nations.
To shed light on the current scenario, GlobalPetrolPrices.com provides a list of the top 10 African countries grappling with the most expensive fuel prices as of the beginning of 2024.
This data, last updated on January 8, 2024, reveals that many of the countries on this list were also present in November 2023, indicating the persistence of the issue.
| Rank | Country | Fuel price | Global rank |
|---|---|---|---|
| 1. | Central Africa Republic | $1.835 | 23rd |
| 2. | Senegal | $1.654 | 35th |
| 3. | Seychelles | $1.602 | 42nd |
| 4. | Morocco | $1.561 | 46th |
| 5. | Zimbabwe | $1.550 | 47th |
| 6. | Mauritius | $1.536 | 48th |
| 7. | Sierra Leone | $1.524 | 50th |
| 8. | Burundi | $1.522 | 51st |
| 9. | Malawi | $1.503 | 53rd |
| 10. | Ivory Coast | $1.462 | 58th |
