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Top 10 African Countries With The Cheapest Fuel And Thier Global Ranking

POSTED ON December 30, 2023 •   Business      BY Samuel O . Adeniyi •   VIEWS 393

In a world where fuel prices fluctuate like a roller coaster, finding affordable fuel can feel like a triumph.

For many African countries, however, the quest for economic fuel has led them to stand out as leaders in this regard. Let's explore the top 10 African countries that offer the cheapest fuel, shedding light on their remarkable fuel economies and global rankings.

1. Libya: Fueling Prosperity

[caption id="attachment_7809" align="aligncenter" width="678"]Top 10 African Countries with the Cheapest Fuel Top 10 African Countries with the Cheapest Fuel | Source: Google[/caption] At the top of the list is Libya, where the cost of petrol per litre is a mere $0.031. This incredibly low price places Libya in the third spot globally. Blessed with vast oil reserves, Libya uses this natural wealth to provide its citizens with affordable fuel, driving economic prosperity.

2. Algeria: Affordable Mobility

Algeria follows closely in second place, with petrol priced at $0.338 per litre. This not only secures Algeria's fourth position globally but also ensures that its citizens enjoy cost-effective mobility that contributes to the country's economic growth.

3. Angola: Sustaining Economies

Angola secures the sixth position globally by offering petrol at $0.364 per litre. This affordability is a testament to how resource-rich countries can leverage their natural assets to boost their economies and improve the lives of their citizens.

4. Egypt: Fueling Progress

With fuel priced at $0.372 per litre, Egypt lands the seventh spot globally. Egypt's commitment to providing affordable petrol contributes to its economic progress, offering citizens the means to drive forward without financial constraints. [caption id="attachment_7811" align="aligncenter" width="720"]Top 10 African Countries with the Cheapest Fuel Top 10 African Countries with the Cheapest Petrol | Source: Google[/caption]

5. Tunisia: A Competitive Edge

Tunisia, at $0.817 per litre, ranks 23rd globally. While slightly higher on the price scale, Tunisia's competitive petrol rates still make it a notable player in the global fuel economy, supporting both local and international transportation.

6. Nigeria: Balancing Affordability

Nigeria, known for its oil resources, comes in at $0.822 per litre, securing the 24th spot globally. The balance between leveraging its oil wealth and ensuring that its citizens have access to affordable petrol showcases Nigeria's commitment to economic stability.

7. Liberia: Fueling Progression

Liberia offers fuel at $0.937 per litre, earning it the 31st spot globally. Despite its modest global ranking, Liberia's dedication to providing affordable petrol contributes to its journey toward economic progression.

8. Sudan: Navigating Efficiency

Sudan, with fuel priced at $0.992 per litre, holds the 35th position globally. This showcases Sudan's efforts to maintain an efficient fuel economy that supports its citizens and industries.

9. Gabon: Sustainable Mobility

Gabon ranks 37th globally, offering petrol at $1.011 per litre. This price point contributes to Gabon's commitment to sustainable mobility solutions, aligning with global efforts to reduce carbon footprints. [caption id="attachment_7813" align="aligncenter" width="706"]Top 10 African Countries with the Cheapest Fuel Top 10 African Countries with the Cheapest Petrol | Source: Google[/caption]

10. Botswana: Pioneering Affordability

Rounding out the top 10, Botswana provides petrol at $1.073 per litre, securing the 41st spot globally. Despite being towards the higher end of the list, Botswana's endeavours to offer affordable petrol contribute to its citizens' quality of life. These top 10 African countries demonstrate that a combination of natural resources, economic policies, and a commitment to citizens' well-being can lead to affordable petrol prices. These prices not only empower citizens with cost-effective mobility but also play a pivotal role in driving economic growth and stability. Whether it's the oil-rich landscapes of Libya and Angola or the strategic economic approaches of Algeria and Egypt, each of these countries showcases a unique approach to petrol affordability. As the global community continues to prioritize sustainable energy solutions, these nations set an example of how economies can thrive while ensuring that their citizens reap the benefits of accessible and affordable petrol.
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