Rising global oil prices driven by supply disruptions have pushed fuel costs higher across Africa, but a group of oil-producing and subsidy-driven economies still maintain the lowest pump prices on the continent.
Based on the latest available March–April 2026 data from GlobalPetrolPrices and regional market reports, the following countries rank as the cheapest fuel markets in Africa
1 :Libya — about $0.02–$0.03 per litre
2. Angola — about $0.32–$0.33 per litre
3. Algeria — about $0.34–$0.36 per litre
4. Egypt — about $0.40–$0.45 per litre
5. Nigeria — roughly $0.45–$0.90 per litre
6 .Sudan — about $0.60–$0.70 per litre
7. Ethiopia — about $0.70–$0.78 per litre
8. Tunisia — about $0.80–$0.87 per litre
9. Niger — below $1.00 per litre
10. Liberia — around $0.85–$0.90 per litre
Fuel remains cheapest in North Africa, where heavy government subsidies and strong crude oil production significantly reduce retail prices.
Libya continues to rank as not only Africa’s cheapest but one of the lowest globally due to extensive state subsidies and abundant reserves. Countries like Angola and Algeria benefit from domestic refining capacity and controlled pricing systems, while Egypt maintains relatively low prices despite gradual subsidy reforms.
In contrast, even countries on the list such as Nigeria and Ethiopia have seen price increases in recent months due to global supply shocks, currency pressures, and reduced subsidies.
The ranking reflects a broader structural pattern: African countries with strong oil production and subsidy regimes dominate the low-price tier, while import-dependent economies continue to face rising fuel costs amid global volatility.
Source: Nairametrics
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