One sector immediately impacted by a higher fuel cost is the transportation sector. An economy’s literal mobility is dependent on the accessibility and affordability of fuel.
Manufacturing, logistics, and agriculture are also among the primarily transportation-dependent businesses that are most sensitive to growing operational costs when gasoline prices rise. Additionally, this also affects industries that rely on fuel-powered tools.
Ultimately, rising fuel costs can stifle economic growth by reducing investment, consumer spending, and productivity.
With that said, these are the ten African countries with the most expensive fuel in August 2024. This list is courtesy of GlobalPetrolPrices.com and was last updated on the 12th of August, 2024.
The global average price for fuel is presently 1.31 US dollars per liter, compared to 1.32 US dollars per liter last month.
The price of fuel for Central Africa Republic, Senegal, Malawi and Ivory Coast spiked slightly from last month’s top 10 ranking. While fuel prices for Seychelles, Morocco, Uganda, reduced since last month. Zimbabwe, Kenya and Sierra Leone retained their fuel prices.
| Rank | Country | Fuel price | Global rank |
|---|---|---|---|
|
1. |
Central Africa Republic |
$1.832 |
26th |
|
2. |
Senegal |
$1.649 |
42nd |
|
3. |
Zimbabwe |
$1.590 |
48th |
|
4. |
Seychelles |
$1.551 |
50th |
|
5. |
Morocco |
$1.493 |
52nd |
|
6. |
Uganda |
$1.464 |
55th |
|
7. |
Malawi |
$1.459 |
58th |
|
8. |
Ivory Coast |
$1.457 |
59th |
|
9. |
Kenya |
$1.453 |
60th |
|
10. |
Sierra Leone |
$1.448 |
61st |
