10 African Countries With The Highest Petrol Prices as of March 2022

Despite the recent fuel price surge in Sierra Leone, the country does not have one of the highest petrol prices in Africa.

From Nigeria to Uganda down to Zimbabwe, petrol prices are soaring. This is a major problem that has been exacerbated by a number of factors, including the increasing scarcity of the commodity.

According to Business Insider, Most of the African countries with the highest petrol prices do not locally produce crude oil. This list is courtesy of data made available by Global Petrol Prices.

Moving on, the rising cost of petrol in Sub Saharan Africa has also be attributed to the ongoing Russian invasion of Ukraine. And there is palpable fear that as the conflict continues to escalate, it could have even more negative impact on energy costs in Africa.

According to DW, fears of possible cuts to Russian crude is yet another factor that has influenced rising energy costs around the world. As you may well know, Russia is one of the world’s top producers of crude. If the US or EU countries decide to extend Russia’s mounting economic sanctions by banning its oil, this would definitely portend catastrophe to the global energy industry.

Already, global oil prices has surpassed the $100 per barrel mark which was last recorded in 2014. The commodity is currently trading at $102.6 per barrel, according to benchmark price Brent Crude.

Before we proceed to the list of 10 African countries with the highest petrol prices, it’s important to note that another factor responsible for rising energy cost in Africa is the fact that virtually all of Africa’s leading oil producing countries have failed at developing capacity to be able to refine the product locally.

That said, below are the 10 African countries with the highest petrol prices. This list is courtesy of data made available by Global Petrol Prices.

Zimbabwe

This Southern African country has the highest petrol cost in Africa. A litre of petrol costs as much as $2.153. Earlier this month, the country’s Energy and Power Development Minister, Zhemu Soda, explained that frequent petrol price hikes was due to developments in the international oil industry. Zimbabwe is not an oil producer, although there were conflicting reports about crude oil discovery in Northern Zimbabwe back in 2018.

Seychelles

This island country has the second most expensive fuel price in Africa. According to the information we are working with, a litre of petrol in this country is sold for $1.541. The country does not currently produce any oil and gas, although some international oil companies are busy prospecting potential oil deposits off its many coasts.

Malawi

In Malawi, it costs $1.426 to buy a litre of petrol. The country is said to have a great prospect of discovery crude oil reserves in Lake Malawi.
South Africa : Here, a litre of petrol costs $1.413. In 2019, Total Energies announced that it had made a major discovery of gas condensates in one of its exploration fields in South Africa. Experts said this could significantly improve the country’s fortunes.

Uganda

In this East African country, a litre of petrol costs $1.389. The high cost of petrol in Uganda is despite the fact that the country actually produces oil. Checks by Business Insider Africa show that the country’s crude oil reserves, as of 2021, stood at 2.5 billion barrels.

Mauritius

This country has the sixth most expensive petrol price in Africa at $1.381 per litre. Mauritius currently does not produce oil, although experts say there are prospects.

Burundi

In this East African country, a litre of petrol costs $1.340. According to the United Nations’ Environmental Programme, this country currently does not have any local sources of crude oil or natural gas.

Senegal

In this Francophone West African country, it costs $1.299 to buy a litre of petrol. The country discovered some crude oil deposits between 2014 and 2017, although full-scale exploration has been pushed back till 2023.

Lesotho

In this country, it costs $1.231 to buy a litre of petrol. The country does not have any confirmed oil deposits.

Rwanda

Here, a litre of petrol costs $1.230. Again, this East African country does not produce crude oil.

MORE ABOUT: Fuel Scarcity

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