Fuel prices plays a major impact on a country’s economy a lot. The recent hike in fuel price in Nigeria has caused a lot of problems, affecting transportation and how much things cost.
But some African countries have managed to keep their fuel prices lower, and this article talks about the top 4 countries that do this better than Nigeria.
Top 4 African Countries with Cheaper Fuel
Below are some African countries and the cost of fuel using N780/$1 conversion rate:
- Libya – N24. 78 per Liter
In Libya, fuel is incredibly cheap, costing only $0.031 for each liter. This is because Libya has a lot of oil, which makes fuel easy to get and not expensive. The cost of fuel in Libya when converted to naira is about N25 per liter.
- Algeria – N263.6 per Liter
Algeria is another country with low fuel prices, at $0.338 per liter which is about N263.6 per liter.
- Angola – N283.9
Angola is also on the list, with fuel priced at $0.364 per liter which is about N283.9 per liter.
- Egypt – N290.1
Egypt’s fuel costs $0.372 per liter which is about N290.1 per liter.
Conclusion
Fuel prices are important, especially in Africa where they can affect a lot of things. But some African countries are doing a good job by keeping fuel prices low.
