The rising cost of petrol in Sub Saharan Africa has also been 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.
It’s important to note that another factor responsible for rising energy costs in Africa is the fact that virtually all of Africa’s leading oil-producing countries have failed at developing the capacity to be able to refine the product locally.
In this article, we are going to give you a list of the top ten African countries with the highest petrol prices as of March 2022.
African countries with the highest petrol prices as of March 2022
Zimbabwe occupies the first position as the African country with the highest petrol price. 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 were 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.
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.
In Malawi, it costs $1.426 to buy a litre of petrol. The country is said to have a great prospect of discovering crude oil reserves in Lake Malawi.
4. 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.
In this East African country, a litre of petrol costs $1.389. The high cost of petrol in Uganda is even though the country produces oil. Checks by Business Insider Africa show that the country’s crude oil reserves, as of 2021, stood at 2.5 billion barrels.
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.
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.
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Senegal is at the eighth position of African countries with the highest petrol prices as of March 2022. 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.
In this country, it costs $1.231 to buy a litre of petrol. The country does not have any confirmed oil deposits.
Here, a litre of petrol costs $1.230. Again, this East African country does not produce crude oil.
Those are the top 10 African countries with the highest petrol prices