African Countries Show Diverse Petrol Prices Amid Global Shifts

African countries have diverse petrol prices, influenced by various factors such as domestic fuel subsidies, taxation, exchange rates, crude oil production, refining capacity, and government regulation of downstream petroleum markets.

According to Global Petrol Prices data updated on August 3, 2026, Libya had the continent's lowest average retail price for octane-95 gasoline at just $0.024 per litre.

Angola ranked second at $0.327 per litre, while Algeria occupied the third position at $0.35 per litre.

Nigeria ranked eighth among African countries with the cheapest petrol prices, with octane-95 gasoline selling at approximately $0.931 per litre.