• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Ranks 6th African Country With Cheap Fuel Prices

by Leadership News
7 months ago
in Business
Fuel Prices
Share on WhatsAppShare on FacebookShare on XTelegram

Fuel prices across Africa in 2025 reflect a diverse energy environment influenced by local production, subsidies, and imports.

Advertisement

Countries like Libya and Angola, with abundant oil reserves, maintain low fuel prices, while nations such as Ethiopia and Liberia, which depend on imports, face higher costs.

As global oil prices fluctuate, these nations have to navigate challenges such as subsidies and production levels to ensure affordable fuel for their populations.

According to GlobalPetrolPrices.com, here are the top 10 African countries with the cheapest fuel at the start of 2025.

 

RELATED

Kano Govt Renames KUST After Dangote

Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal

14 hours ago
Egbin Power Advances Energy Transition Drive, Appoint New CEO

‘Egbin Power Plc, Ikeja Electric, FIPL Not In Receivership’

14 hours ago

Libya

Libya remains the leader in the African fuel price rankings, with a litre of fuel costing $0.030. This low price is largely due to the country’s rich oil reserves, which make up a significant portion of its economy.

 

Angola

Angola follows closely with a price of $0.328 per litre. As one of Africa’s top oil producers, Angola has a large share of the global oil market. The country’s reliance on oil exports helps maintain relatively low domestic fuel prices, providing an economic advantage for its citizens.

 

Egypt

Egypt is another country where fuel remains affordable, priced at $0.336 per litre. The country has seen substantial investment in its oil and gas sector in recent years, and the government provides subsidies to maintain lower fuel prices for the public.

 

Algeria

Fuel in Algeria costs $0.339 per litre. The country’s vast oil and gas resources contribute to these low prices, and the government continues to subsidise fuel costs, which helps support local economic stability.

 

Sudan

Sudan’s fuel price is $0.700 per litre, which is still quite low compared to global standards. While Sudan faces economic challenges, it benefits from domestic oil production, though it has struggled with fluctuations in oil output and the impact of external factors on fuel prices.

 

Nigeria

Nigeria, Africa’s largest oil producer, offers fuel at $0.769 per litre. Despite being one of the continent’s top oil exporters, the country’s fuel prices are impacted by fluctuating global oil prices, governmental policies, and the local economy. While the price is relatively low by international standards, it reflects the challenges Nigeria faces in balancing domestic supply and demand.

 

Tunisia

In Tunisia, fuel is priced at $0.794 per litre. The country has limited domestic oil production but benefits from access to regional markets and government subsidies that help control fuel prices. However, economic pressures mean that prices may fluctuate over time.

 

Ethiopia

 

Ethiopia, with a price of $0.805 per litre, ranks eighth on this list. While the country is not a major oil producer, it imports most of its fuel, but government efforts to stabilise prices help keep costs low for consumers.

 

Liberia

 

Liberia’s fuel price is $0.829 per litre. The country relies on imports to meet its fuel needs, and while domestic production is limited, low prices are maintained through government policy and external trade agreements.

 

Gabon

 

Gabon, with a price of $0.944 per litre, rounds out the top 10. As an oil producer with significant reserves, Gabon benefits from relatively low fuel costs compared to other countries on the continent. However, fuel prices are still higher than those in nations with larger oil production capacities.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Fuel prices
SendShareTweetShare
Previous Post

Nigerian Becomes First African Board Chair Of Project Management Institute

Next Post

Lobbyists Intensify Pressure As Gov Eno Dissolves Cabinet Today

Leadership News

Leadership News

You May Like

Kano Govt Renames KUST After Dangote
Business

Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal

2025/08/07
Egbin Power Advances Energy Transition Drive, Appoint New CEO
Business

‘Egbin Power Plc, Ikeja Electric, FIPL Not In Receivership’

2025/08/07
NIMR Faces Power Outage Over ₦38m Debt
Business

Nigeria’s Power Market To Hit $503.67m By 2030 – Report

2025/08/07
FAAN Signs Capacity Building MoU With Dubai-based Firm
Business

Expansion Of Terminal 2 Part Of Airport Renovation – FAAN

2025/08/07
Niger/Kogi Customs Seize Car, Others Worth N755m
Business

Ahead Of Take-off, Customs Engage Importers, Operators On AEO Migration

2025/08/07
Kogi Stakeholders Task Federal Gov’t On Ending Benue Killings
Business

Aviation Workers Ask Tinubu To Cancel Airport Concessions Nationwide

2025/08/07
Leadership Conference advertisement

LATEST

BBNaija10: Danboskid, Joanna Emerge King, Queen Of Extract Beauty Pageant

Ghana’s President Appoints Acting Ministers After Helicopter Crash Claimed Cabinet Members

JUST-IN: NCAA Petitions AGF, IGP To Probe Singer KWAM 1, ValueJet Over Airport Incident

Sowore’s ‘Maltreatment’ By IGP’s Monitoring Team Shameful — Atiku

UK To Clamp Down On Dangerous Cosmetic Procedures, BBL

Supporters Claim Sowore’s Hand Broken As Activist Spends Day 2 In Police Cell

FCT Minister Reaffirms Commitment To Strengthen Health Services

13-Man AFRIMA Jury Arrives Nigeria

INEC Introduces Online Platform To Identify Registration Centres

Navy Destroys 71 Illegal Refining Sites In July

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.