Top 10 African countries with the lowest diesel prices in August 2024

Top 10 African countries with the lowest diesel prices in August 2024

Numerous industries in Africa are affected by the rise in diesel prices, including transportation, agriculture and general living costs. This is especially true for African countries that have not looked into other energy sources. On the other hand, a developing country with low diesel prices offers an economic advantage to its citizens.

Low energy prices benefit Africa’s economy, society and environment. Low diesel costs in particular contribute significantly to reducing operating costs in many sectors, including transport, manufacturing and agriculture.

Diesel fuel is an important source of energy for many African countries, especially those that have difficulty developing conventional energy infrastructure.

When the economy is heavily dependent on diesel and there are few alternatives to diesel engines, the high cost of diesel can lead to financial difficulties. However, if this problem is addressed, it will provide financial relief that will impact the entire market network and ultimately keep the cost of living from becoming too high.

Against this background, these are the ten African countries with the cheapest diesel, according to Global Petrol Prices.

The list was last updated on August 12. The global average price of diesel was $1.23 per liter, compared to $1.25 per liter in July.

Diesel prices remained unchanged between August and July for Libya, Algeria and Sudan. Prices rose for Egypt, Tunisia, Nigeria, Ghana and Gabon, while the diesel price for Angola fell slightly.

In addition, Ethiopia has replaced Liberia on the list of the ten African countries with the cheapest diesel.

Rank country Diesel price Global Ranking

1.

Libya

$0.006

3rd place

2.

Algeria

0.216 USD

4th place

3.

Angola

0.227 USD

5th place

4.

Egypt

0.233 USD

6th place

5.

Sudan

0.656 USD

18.

6.

Tunisia

0.715 USD

20.

7.

Ethiopia

0.761 USD

25.

8.

Nigeria

0.920 USD

39.

9.

Ghana

0.958 USD

44.

10.

Gabon

0.958 USD

45.

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