Top 10 African countries with the most expensive fuel prices at the start of 2024

Right off the bat, high fuel costs lead to increased transportation expenses, affecting the prices of goods and services. This, in turn, can contribute to inflation as businesses pass on higher operational costs to consumers.

This is why regulating energy prices is a top priority for most governments. In some African countries where gasoline is utilized not just for transportation but also for power production, rising fuel prices constitute a significant strain on households.

Additionally, industries heavily reliant on transportation, such as logistics, manufacturing, and agriculture, may face higher operational costs. This can lead to reduced profit margins, potential job cuts, or increased prices for their products and services.

With such heavy consequences of high fuel costs, many countries try to create an economy where regardless of fuel cost, its people can easily afford it, and should that not be the case, then these countries must work to keep their fuel prices at a moderate to low price.

With that said, below are the top 10 African countries with the most expensive fuel prices at the start of 2024. This list is courtesy of GlobalPetrolPrices.com and was last updated on the 8th of January 2024.

Most countries on the list currently, were the same countries on the list as of November 2023.