Fuel Prices in Africa: Nigeria Ranks 6th Among Countries with the Cheapest Rates

Fuel prices across Africa in 2025 showcase the continent’s diverse energy landscape, influenced by factors like oil production, subsidies, and dependence on imports. While some nations enjoy low fuel costs due to abundant oil reserves, others struggle with higher prices due to their reliance on imports and fluctuating global markets....CONTINUE READING>>>

Countries such as Libya and Angola lead the way with the lowest fuel prices, while nations like Ethiopia and Liberia face relatively higher costs. These disparities highlight the complex interplay between domestic production, government policies, and external economic pressures.

According to GlobalPetrolPrices.com, here are the top 10 African countries with the most affordable fuel as of early 2025:

1. Libya

Libya tops the list, with fuel priced at just $0.030 per litre. This is due to the country’s vast oil reserves, which heavily influence its economy and allow for extremely low domestic prices.

2. Angola

Angola follows with a price of $0.328 per litre. As one of Africa’s leading oil producers, Angola benefits from its significant share in the global oil market, which helps keep fuel costs low for its citizens.

3. Egypt

In Egypt, fuel is available at $0.336 per litre. The country’s investments in its oil and gas sector, combined with government subsidies, ensure affordable fuel prices for its population.

4. Algeria

With a fuel price of $0.339 per litre, Algeria benefits from its extensive oil and gas resources. Government subsidies further contribute to keeping prices low, supporting economic stability.

5. Sudan

Sudan offers fuel at $0.700 per litre. Despite economic challenges, domestic oil production helps keep prices relatively low, though external factors and output fluctuations remain a concern.

6. Nigeria

Nigeria, Africa’s largest oil producer, ranks sixth with fuel priced at $0.769 per litre. While the country is a major oil exporter, domestic fuel prices are affected by global oil trends, policy decisions, and economic pressures.

7. Tunisia

In Tunisia, fuel costs $0.794 per litre. Limited domestic production is offset by government subsidies and access to regional markets, though economic pressures occasionally impact prices.

8. Ethiopia

Ethiopia, where fuel costs $0.805 per litre, relies heavily on imports. Government efforts to stabilize prices have helped keep costs relatively low despite the country’s lack of domestic production.

9. Liberia

Liberia’s fuel price stands at $0.829 per litre. The country depends on imports for its fuel supply but manages to maintain low prices through government policies and trade agreements.

10. Gabon

Rounding out the top 10 is Gabon, with fuel priced at $0.944 per litre. As an oil producer with considerable reserves, Gabon benefits from relatively low prices compared to other African nations, though it still lags behind the larger producers.

These rankings highlight the varying economic and policy-driven approaches to fuel pricing across Africa, underscoring the importance of resource management and government intervention in maintaining affordability for citizens.