Countries where fuel is sold for N52 per litre
According to data from Global Petrol Prices, Libya has emerged as the African country with the cheapest petrol, selling octane-95 gasoline at ₦52 per litre, significantly lower than prices in other parts of the continent.
According to data from Global Petrol Prices, this rate is based on the Libyan cost of 0.15 Libyan Dinar per litre, as of mid-September 2024.
Other African countries like Egypt, Algeria, and Angola also offer relatively low prices, though not as inexpensive as Libya.
In contrast, Nigerians are currently grappling with high fuel costs, with the average price at ₦1,000 per litre and black market prices reaching up to ₦1,600.
This situation has led to escalating costs for goods and services, further burdening citizens.
The removal of fuel subsidies has been heavily criticized, as many believe it worsens the economic strain, particularly for low-income earners.
Meanwhile, the Central African Republic tops the list of African countries with the highest fuel prices at $1.83 per litre, followed by Senegal, Seychelles, Zimbabwe, Morocco, and Uganda, among others.
This stark difference in fuel pricing across the continent continues to raise concerns about the impact of fuel costs on everyday life, especially in countries like Nigeria where inflation is already high.
Calls for government intervention in Nigeria have intensified, with citizens urging leaders to reconsider fuel pricing strategies.
Many argue that a return to lower prices could ease inflationary pressures and reduce the cost of living.
