Diesel cost typically imprints a significant impact on several African countries. Transportation, agricultural, and industrial sectors are all at risk of experiencing cost increases, should diesel price spike. This is particularly difficult for African countries who have yet to diversify their energy sources and consider alternate possibilities.
Reasonably priced energy, especially diesel, is essential to the economic health of several African countries.
Low diesel prices contribute to lower operational costs for important industries including manufacturing, transportation, and agriculture, which propels growth in several nations.
Diesel is still a prominent energy source in many African countries, particularly those that are having difficulty building strong energy infrastructure for cleaner alternatives.
As a result, access to cheaper diesel fuel in general offer stability and financial relief for residents and businesses in any given economy on the continent where purchasing power may not be as high as intended.
With that said, here are the 10 African countries according to GlobalPetrolPrices.com, with the lowest diesel prices for October. This list was last updated on the 14th of October, 2024.
The global average price of diesel currently is 1.19 U.S dollars per liter, compared to 1.21 U.S dollars per liter recorded the month prior.
In line with the global average drop in diesel price, the cost of diesel in Algeria, Egypt, Tunisia, Ghana and Gabon marginally fell compared to last month, while the cost of diesel in Angola, Ethiopia, and Nigeria increased.
The prices for Libya and Sudan remained the same.
Top 10 African countries with the lowest cost of diesel in October 2024
| Rank | Country | Diesel price | Global rank |
|---|---|---|---|
|
1. |
Libya |
$0.031 |
3rd |
|
2. |
Algeria |
$0.217 |
4th |
|
3. |
Angola |
$0.220 |
5th |
|
4. |
Egypt |
$0.237 |
6th |
|
5. |
Sudan |
$0.656 |
18th |
|
6. |
Tunisia |
$0.720 |
24th |
|
7. |
Ethiopia |
$0.744 |
25th |
|
8. |
Nigeria |
$0.844 |
33rd |
|
9. |
Ghana |
$0.893 |
41st |
|
10. |
Gabon |
$0.955 |
52nd |
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