Emmanuel OchayiFuel prices have been a significant concern for many African nations, influencing everything from the cost of living to the stability of local economies. In March 2025, despite global market fluctuations, several African countries continue to offer surprisingly low fuel prices. Below, we look at the top 10 African countries with the lowest fuel prices, shedding light on how these prices contribute to economic stability and growth.
1. Libya – $0.031/ litre
Libya tops the list of African countries with the lowest fuel prices in March 2025, at just $0.031 per litre. This is the second-lowest price globally, showcasing Libya’s significant role in Africa’s fuel market. Despite political challenges, Libya has managed to maintain low fuel prices, benefiting consumers and businesses alike by keeping transport and production costs low.
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2. Angola – $0.328/ litre
Angola follows closely with fuel priced at $0.328 per litre. This price positions Angola fourth in the global rankings. The country’s low fuel costs are a reflection of its substantial oil reserves, which contribute to its economic stability. For many Angolans, the affordable fuel prices help keep the cost of living manageable, particularly for those who rely on public transport.
3. Egypt – $0.337/ litre
In third place is Egypt, where the cost of fuel is $0.337 per litre. This price places Egypt in fifth place globally. Despite recent hikes in global oil prices, Egypt has managed to keep fuel prices relatively low due to governmental subsidies. This helps control inflation and maintain a steady cost of living, especially for industries reliant on fuel for manufacturing and transportation.
4. Algeria – $0.345/ litre
Algeria is another African country that continues to provide low fuel prices. At $0.345 per litre, it ranks seventh globally. Algeria’s economy benefits from its oil production, and the government’s decision to keep fuel prices low supports local businesses and helps alleviate the financial burden on citizens who depend on affordable fuel for daily activities.
5. Nigeria – $0.540/ litre
Nigeria, one of Africa’s largest oil producers, offers fuel at $0.540 per litre. Although Nigeria’s prices have increased in recent months, it remains one of the top 10 countries with the lowest fuel prices in Africa. This pricing benefits the economy, keeping transportation costs low and helping maintain economic growth despite global fluctuations in oil prices.
6. Sudan – $0.700/ litre
Sudan ranks sixth with a fuel price of $0.700 per litre. At this price, Sudan stands in 19th place globally. Sudan’s economy has been undergoing challenges, but affordable fuel is a relief for the population, particularly in terms of transportation and basic commodity costs. However, economic instability in the country may affect future fuel pricing strategies.
7. Ethiopia – $0.786/ litre
Ethiopia, known for its strong agricultural sector, offers fuel at $0.786 per litre. While not the cheapest in Africa, it still remains one of the countries with relatively low fuel prices, ranking 27th globally. This price helps the country’s industries and businesses, as Ethiopia depends heavily on fuel for transportation and its growing manufacturing sector.
8. Tunisia – $0.821/ litre
Fuel in Tunisia costs $0.821 per litre, which places the country in the 28th position globally. Tunisia’s low fuel prices are an important factor in supporting its growing tourism industry and its reliance on transport services. Keeping fuel affordable aids both businesses and individuals, helping to maintain economic stability.
9. Liberia – $0.873/ litre
In Liberia, fuel prices are slightly higher at $0.873 per litre, placing it 33rd in the world rankings. Despite this, Liberia remains one of the African countries with relatively low fuel prices. Affordable fuel benefits both local commuters and businesses by keeping operational costs down and preventing inflation from rising too quickly.
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10. Gabon – $0.990/ litre
At $0.990 per litre, Gabon rounds out the top 10 African countries with the lowest fuel prices in March 2025. Although the price is higher compared to others on this list, Gabon’s fuel prices still provide significant benefits to its economy. The country’s oil production allows it to keep costs relatively low, benefiting local industries and consumers alike.
How Low Fuel Prices Impact African Economies
Low fuel prices in African countries offer a variety of economic advantages. For businesses, the reduction in transport and production costs leads to more competitive pricing for goods and services. Consumers also benefit from lower living costs, as transportation becomes more affordable.
Additionally, countries with low fuel prices are less likely to face inflationary pressures, as businesses do not need to raise prices to cover rising fuel costs. This stability is essential for fostering economic growth, as it encourages investment in local industries and creates a favourable environment for international trade.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
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