African Diesel Prices Rise to $1.56 a Litre as 8 of 10 Markets Increase
Updated
Updated · Business Insider Africa · Aug 19
African Diesel Prices Rise to $1.56 a Litre as 8 of 10 Markets Increase
3 articles · Updated · Business Insider Africa · Aug 19
Summary
$1.56 per litre was the new average diesel price across the 10 African markets in August, up from $1.52 in July, with Libya, Algeria, Egypt, Tunisia, Gabon, Niger, Ethiopia and Madagascar all posting increases.
Iran conflict, possible Strait of Hormuz closures and refining disruptions in Russia and Saudi Arabia tightened global fuel markets, pushing diesel costs higher across Africa.
Angola and Sudan were the only two countries to hold prices unchanged, underscoring how broad the latest rise was across the sample.
Diesel remains central to African transport, farming and backup power, so higher prices can raise logistics and operating costs, while countries with reliable domestic supply gain a competitive edge.