- Pulsenews tv presents the top 10 African countries with the lowest fuel prices in June 2024.
- This list is courtesy of GlobalPetrolPrices.
- GlobalPetrolPrices.com last updated the list on the 24th of June 2024.
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In numerous African countries, fuel prices have risen in recent months. Fuel costs in Africa need to be regulated since they have a big economic influence on many African countries.
Energy price is a significant catalyst for businesses and their consumers; consequently, the lower the cost, the better. On the other hand, the higher the price, the more damaging.
Rapid increases in fuel prices have the direct effect of driving up transportation costs, which has an impact on the cost of products and services. As firms pass on their increased operational costs to customers, this rise may result in inflation.
Manufacturing, logistics, and agriculture are among the largely transportation-dependent industries that are most vulnerable to rising operational costs as fuel prices rise.
While some countries on the continent have seen an increase in fuel prices since May, some have fortunately experienced a reduction. For example, countries like Morocco, Seychelles and Central Africa republic saw a reduction in energy prices during the month.
These countries are among countries that typically are at the top when it comes to high fuel costs.
Regardless of a decline or a price increase, these countries still endure energy prices that may be considered too high for an economy regarded as developing.
With that said, here are the 10 countries in Africa with the highest fuel prices currently according to GlobalPetrolPrices.com.
Top 10 African countries with the highest fuel prices in June 2024
| Rank | Country | Fuel price | Global rank |
|---|---|---|---|
| 1. | Central Africa Republic | $1.797 | 27th |
| 2. | Senegal | $1.621 | 41st |
| 3. | Zimbabwe | $1.590 | 46th |
| 4. | Sierra Leone | $1.524 | 49th |
| 5. | Uganda | $1.468 | 54th |
| 6. | Syechelles | $1.466 | 55th |
| 7. | Kenya | $1.461 | 56th |
| 8. | Malawi | $1.459 | 57th |
| 9. | Morocco | $1.450 | 59th |
| 10. | Ivory Coast | $1.432 | 63rd |
