See list of 10 African countries with highest petrol cost

• The list of countries with the highest petrol prices in the month of November 2024 has been revealed
• Despite Nigeria paying above N1,200 per litre for a litre, the country is missing among the top 10 African countries
• Central Africa Republic, Senegal, and Zimbabwe lead the top 10 table with the highest petrol prices in Africa

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

African countries continue to pay high prices amid changes in global oil markets.

Although many, including Nigeria, witnessed a decrease in Noveber, high fuel prices remain a burden.

Fuel prices in Nigeria is still lower than many African countries Photo credit: Bloomberg/contributor
Source: Getty Images

New fuel prices

According to data from the Global Petrol Prices platform, the average fuel price is currently $1.24 per litre (N2,096), compared to $1.27 per litre (N2,146) last month.

Fuel prices in the Central Africa Republic, Senegal, Seychelles, Ivory Coast, Mauritius, and Sierra Leone decreased in November compared to the previous month.

In contrast, BusinessInsider reports Zimbabwe recorded a slight increase in fuel prices.

Malawi's fuel price remained unchanged, while Guinea and Kenya entered the top ten list for the first time this month.

Top 10 African countries with the highest fuel prices

• Central Africa Republic: $1.780 (N3,002)
• Senegal: $1.611 (N2,719)
• Zimbabwe: $1.510 (N2,552)
• Seychelles: $1.489 (N2,513)
• Malawi: $1.458 (N2,462)
• Ivory Coast: $1.424 (N2,405)
• Mauritius: $1.405 (N2,373)
• Guinea: $1.390 (N2,349)
• Sierra Leone: $1.387 (N2,344)
• Kenya: $1.385 (N2,342)

Nigeria's fuel prices

Checks by Legit.ng on Sunday, November 17, 2024, show that petrol stations slashed prices by as much as N70 per litre.

At the Lado petrol station along the Iju-Ishaga axis, officials were seen dispensing petrol to motorists at N1,050 from N1,125 it sold the product last week.

In the global ranking, Nigeria's fuel price is ranked as the 15th cheapest in the world for November.

NNPC gives conditions for buying Dangote petrol

Legit.ng earlier reported that the NNPC has debunked a recent report saying it has ended petrol import in favour of local refineries such as Dangote Refinery.

The national oil company called the report a misrepresentation and misinterpretation of fact.

On Tuesday, November 12, 2024, a report attributed to the NNPC’s Group Chief Executive Officer, Mele Kyari, said that the state oil firm had stopped importing fuel to support domestic refineries.

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!

Source: Legit.ng