African 10 countries with the lowest fuel price in 2023
Business Insider Africa presents the top 10 African countries with the lowest fuel prices in 2023.
Most African countries sell at or below the global average price of $1.33 per litre.

It is well known that the cost of fuel in a given region has a significant effect on the economy. The cost of fuel, particularly gasoline and diesel, has an impact on a number of areas of daily life, including consumer spending and transportation spending. Some areas have recently experienced periods of extraordinarily low gasoline costs, which have both advantages and disadvantages.

The effects of rising fuel prices are having a serious impact on the African economy, just like many other countries around the world. Numerous industries, including transportation, social security, economic development and inflation, are significantly impacted by fuel costs. As countries across Africa strive for sustainable growth, the challenge of managing rising fuel prices is a complex conundrum that requires thorough research and innovative solutions.

However, there are countries on the continent that still enjoy relatively low fuel costs. Simply put, a number of African countries sell fuel below the global average price of $1.33 per litre, while some sell fuel at an uncomfortably high cost, especially when you consider the entire economy of such regions. Only 13 African countries sell at or above the world average price, indicating Africa’s ability to mitigate the global energy crisis.

The ten African countries with the lowest fuel prices are listed below. The list comes from GlobalPetrolPrices.com, a platform that updates fuel prices around the world on a daily basis.

Rank Country Price per ($) liter Worldwide rank
1. Libya $0.031 3rd
2. Algeria $0.338 4th
3. Angola $0.364 6th
4. Egypt $0.372 7th
5. Tunisia $0.817 23rd
6. Nigeria $0.822 24th
7. Liberia $0.937 31st
8. Sudan $0.992 35th
9. Gabon $1,011 37th
10. Botswana $1,073 41st