Libya, Angola, 4 other African countries with cheapest fuel prices in 2026

Africa continues to witness varying petrol prices across different countries, largely influenced by government subsidies, domestic oil production and economic policies.

Across the continent, nations that are able to maintain relatively low fuel prices often experience economic advantages.

Affordable petrol helps reduce transportation and production costs, which can help slow the rise in the prices of food, goods and services.

Fuel remains a key factor in determining inflation because it is widely used in transportation, agriculture and industrial activities.

When petrol prices remain moderate, businesses can move goods more efficiently and households are less exposed to rising living costs.

Lower fuel costs also support local industries. Manufacturers, logistics operators and farmers rely heavily on energy, and affordable fuel helps them control operational expenses and remain competitive.

Here’s a list of top six African countries with the cheapest petrol prices on the continent as of March 2026

1. Libya

Petrol sells for about $0.024 per litre, roughly ₦33. Government subsidies and large oil reserves keep fuel extremely cheap despite the country’s political instability.

2. Angola

Petrol costs around $0.327 per litre, approximately ₦451. Domestic crude production and government pricing policies help maintain relatively low prices.

3. Algeria

Petrol is sold at about $0.357 per litre, around ₦515, supported by subsidies and a strong oil and gas sector.

4. Egypt

Petrol costs roughly $0.462 per litre, about ₦625. Gradual subsidy reductions in recent years have slightly increased retail fuel prices.

5. Sudan

Petrol sells for about $0.700 per litre, around ₦950, reflecting the country’s economic challenges and limited refining capacity.

6. Nigeria

Petrol is priced at approximately $0.852 per litre, about ₦1,175. Recent subsidy reforms and exchange rate changes continue to influence fuel costs.

The differences in fuel prices across Africa highlight how government policies, domestic oil production and broader economic conditions shape energy costs across the continent.