This post ranks African countries by highest petrol prices. Petrol prices are soaring across African economies. This problem has worsened by a number of factors, including the increasing scarcity of the commodity.
Petrol Price in Nigeria
In Nigeria, petrol has been scarce for about a month now. Some experts have said, the case in Nigeria started after the country inadvertently imported adulterated fuel. Reports indicate that diesel prices have doubled in Nigeria.
Efforts by the Nigerian state-owned energy company, NNPC, to clean up the contaminated product from the market inevitably resulted in a shortage. Since then, it is alleged that marketers have been hoarding and profiteering.
Despite the recent price surge in Nigeria, the country is not making it to the list of African countries with the highest fuel prices in Africa, perhaps this is due to the fact that the Nigerian Government heavily subsidises the commodity.
The rising cost of petrol in Sub Saharan Africa has also been attributed to the ongoing Russian invasion of Ukraine. There are fears that as the conflict continues to escalate, it could have an even more negative impact on energy costs in Africa.
Already, global oil prices have surpassed the $100 per barrel mark, which was last recorded in 2014. The commodity is currently trading at $102.6 per barrel, according to benchmark price Brent Crude.
Ranking African Countries by Highest Petrol Prices
Below is a full list of African countries ranked from the highest petrol prices to the least as of March 2022, according to data made available by Statistics Times.
|Rank||Country||Petrol/Gasoline Price/Litre (US$)|
|2||Central African Rep.||1.99|