Senegal Enters Africa's 10 Costliest Petrol Markets as Global Average Rises to $1.49 a Litre
Updated
Updated · Business Insider Africa · Jul 27
Senegal Enters Africa's 10 Costliest Petrol Markets as Global Average Rises to $1.49 a Litre
1 articles · Updated · Business Insider Africa · Jul 27
Summary
Senegal joined Africa’s 10 most expensive petrol markets in July, pushing South Africa out of the top tier tracked by GlobalPetrolPrices.
The shift came as the global average petrol price edged up to $1.49 per litre from $1.48, with Malawi, Rwanda, the Central African Republic, Seychelles and Kenya all posting monthly increases.
Zimbabwe, Uganda, Sierra Leone and Cape Verde recorded slight declines, but broader pressure remains tied to Brent crude climbing above $100 a barrel amid Middle East tensions and shipping-route disruption fears.
Across Africa, higher fuel costs are feeding into transport, food and manufacturing prices, squeezing household spending and raising risks to business activity and economic growth in fuel-importing countries.