Top 10 African countries with the highest fuel prices in June 2024

Top 10 African countries with the highest fuel prices in June 2024
Pls share this post


Listen to this article
Top 10 African countries with the highest fuel prices in June 2024

Global energy prices continue to fluctuate, and the prices of fuel in several African countries are following suit. From May to June, some countries on the continent have seen a marginal reduction in fuel costs, while some have edged a little higher within the month. These countries which typically boast the highest fuel prices in Africa have seen some economic relief or distress that has influenced energy costs.

  • Business Insider Africa presents the top 10 African countries with the highest fuel prices in June 2024.
  • This list is courtesy of GlobalPetrolPrices.
  • GlobalPetrolPrices.com last updated the list on the 17th of June 2024.
READ ALSO  Ivory Coast: Positive Outlook for Sovereign Debt

In numerous African countries, fuel prices have risen in recent months. Fuel costs in Africa need to be regulated since they have a big economic influence on many African countries.

Energy price is a significant catalyst for businesses and their consumers; consequently, the lower the cost, the better. On the other hand, the higher the price, the more damaging.

Rapid increases in fuel prices have the direct effect of driving up transportation costs, which has an impact on the cost of products and services. As firms pass on their increased operational costs to customers, this rise may result in inflation.

Manufacturing, logistics, and agriculture are among the largely transportation-dependent industries that are most vulnerable to rising operational costs as fuel prices rise.

READ ALSO  Top 5 products Nigeria sold the most in Q1 2024

While some countries on the continent have seen an increase in fuel prices since May, some have fortunately experienced a reduction. For example, countries like Morocco, Seychelles and Central Africa republic saw a reduction in energy prices during the month.

These countries are among countries that typically are at the top when it comes to high fuel costs.

Regardless of a decline or a price increase, these countries still endure energy prices that may be considered too high for an economy regarded as developing.

With that said, here are the 10 countries in Africa with the highest fuel prices currently according to GlobalPetrolPrices.com.

Top 10 African countries with the highest fuel prices in June 2024

RankCountryFuel priceGlobal rank
1.Central Africa Republic$1.79727th
2.Senegal$1.62141st
3.Zimbabwe$1.59046th
4.Sierra Leone$1.52449th
5.Uganda$1.46854th
6.Syechelles$1.46655th
7.Kenya$1.46156th
8.Malawi$1.45957th
9.Morocco$1.45059th
10.Ivory Coast$1.43263rd
READ ALSO  Top 5 largest oil-producing countries in Africa for April

Source



Pls share this post
Previous article400 Kenyan troops leave Nairobi to address gang violence in Haiti
Next articleHow to watch England vs. Slovenia online for free