Top 10 African Countries With The Lowest Fuel Prices in 2024

International News Regarding Fuel Prices In Africa – GlobalCurrent24.com Presents The Top 10 African Countries With The Lowest Fuel Prices In 2024.

It is practically hard to overstate the importance of cheap fuel costs, particularly in developing countries such as Africa. Low petrol costs affect many aspects of a country’s economy. They guarantee that an economy functions properly while also empowering firms and consumers and influencing the market.

Key Highlights

• GlobalCurrent24.com presents the top 10 African countries with the lowest fuel prices in April 2024.
• GlobalPetrolPrices.com last updated the list on the 22nd of April 2024.
• This list is courtesy of GlobalPetrolPrices.

In many African nations, high transportation costs can exacerbate poverty by limiting access to fundamental goods and services such as food, healthcare, and education. Lower fuel costs can help relieve this problem by making transportation more affordable, particularly for low-income individuals and rural areas.

Affordable transportation increases access to job opportunities, markets, and social services, strengthening underserved areas and reducing hardship.

Furthermore, firms that rely largely on transportation, such as manufacturing, logistics, and agriculture, may incur greater operating costs. This may result in lower profit margins, especially in areas that rely on electricity generators.

To say that fuel costs in certain African countries are a major economic driver is an understatement.

With that stated, here are the top ten African nations with the cheapest fuel costs in April 2024. This list is courtesy of GlobalPetrolPrices.com and was last updated on April 22, 2024. The global average price for fuel is presently 1.34 US dollars per liter.

Libya ranks as the first African country with the lowest fuel prices in April 2024. As of April 2024, fuel per liter in Libya is selling for $0.031. Libya ranks 2nd globally on the countries with the lowest fuel prices.

While the 8th to 10th spots are shared by Liberia, Gabon, and Ghana, Nigeria sits at the 5th position with a fuel going for $0.549 per liter. Liberia, ranks as the 31st country with the lowest fuel price per liter globally. Ghana, occupies the 10th position among the African countries with the lowest fuel prices in 2024. Ghana ranks 40th globally.

African Countries With The Lowest Fuel Prices in 2024 – Full Lists

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