- Business Insider Africa presents the top 10 African countries with the highest diesel prices as of October 2024.
- This list is based on data from GlobalPetrolPrices.com.
- () ranks number 1 on the list.
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With regard to variables such as taxes, subsidies, and governmental regulations, diesel costs differ significantly between African countries. Significant disparities in diesel prices result from how well an administration manages the opportunities and challenges unique to its energy market.
With much of the Africa's economy still reliant on fossil fuels, diesel remains a critical energy source powering industries such as transportation, manufacturing, and agriculture.
Reluctance to adopt cleaner energy alternatives further entrenches diesel’s role as a primary fuel source across multiple sectors.
Given this dependency, high diesel prices can substantially impede economic growth in Africa as a whole.
When diesel prices rise, inflationary pressures grow as the cost of operations in critical industries such as agriculture, industry, and construction rises.
As production costs grow, particularly in businesses that produce consumer items, these expenses are passed on to consumers in the form of higher prices, causing inflation across the economy.
The rise in the cost of consumer goods can also spill into the inter-continental trade Africa is trying to bolster.
With that said, below are the top 10 African countries with the highest diesel prices as of 21st of October 2024, according to GlobalPetrolPrices.com.
The global average diesel price currently is 1.18 U.S dollars per liter, compared to 1.21 U.S. dollars per liter in September.
In line with the global average decline in diesel prices, Central Africa Republic, Seychelles, Zimbabwe, Togo, Mauritius, Sierra Leone, all saw a reduction in diesel costs.
Meanwhile the price of diesel in Malawi, Mozambique, and Guinea slightly increased.
Top 10 African countries with the highest cost of diesel in October 2024
| 1. | Central Africa Republic | $2.233 | 4th |
| 2. | Malawi | $1.575 | 33rd |
| 3. | Zimbabwe | $1.500 | 41st |
| 4. | Seychelles | $1.452 | 45th |
| 5. | Mozambique | $1.429 | 47th |
| 6. | Togo | $1.405 | 48th |
| 7. | Mauritius | $1.393 | 49th |
| 8. | Sierra Leone | $1.392 | 50th |
| 9. | Guinea | $1.391 | 51st |
| 10. | Uganda | $1.378 | 53rd |
