New Fuel Price in Nigeria as List Shows Top 10 African Countries With Highest Petrol Cost
- The list of countries with the highest petrol prices in November 2024 has been revealed
- Despite Nigeria paying above N1,200 per litre for a litre, the country is missing among the top 10 African countries
- Central Africa Republic, Senegal, and Zimbabwe lead the top 10 table with the highest petrol prices in Africa
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Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
African countries continue to pay high prices for fuel amid changes in global oil markets.
Although many African countries, including Nigeria, witnessed a decrease in November 2024, high fuel prices remain a burden.
Source: Getty Images
New fuel prices
According to data from the Global Petrol Prices platform, the average global fuel price is currently $1.24 per litre (N2,096), compared to $1.27 per litre (N2,146) last month.
The data showed that the Central Africa Republic, Senegal, Seychelles, Ivory Coast, Mauritius, and Sierra Leone recorded fuel price decreases in November compared to the previous month.
In contrast, BusinessInsider reports Zimbabwe reported a slight increase in fuel prices.
Malawi's fuel price remained unchanged, while Guinea and Kenya entered the top ten list for the first time this month.
Top 10 African countries with the highest fuel prices
- Central Africa Republic: $1.780 (N3,002)
- Senegal: $1.611 (N2,719)
- Zimbabwe: $1.510 (N2,552)
- Seychelles: $1.489 (N2,513)
- Malawi: $1.458 (N2,462)
- Ivory Coast: $1.424 (N2,405)
- Mauritius: $1.405 (N2,373)
- Guinea: $1.390 (N2,349)
- Sierra Leone: $1.387 (N2,344)
- Kenya: $1.385 (N2,342)
Nigeria's fuel prices
Checks by Legit.ng on Sunday, November 17, 2024, showed that petrol stations have slashed prices by as much as N75 per litre.
At the Lado petrol station along the Iju-Ishaga axis, officials were seen dispensing petrol to motorists at N1,050 from N1,125 it sold the product last week.
In the global ranking, Nigeria's fuel price is ranked as the 15th cheapest in November.
NNPC gives conditions for buying Dangote petrol
Legit.ng earlier reported that the NNPC debunked a recent report saying it had ended petrol import in favour of local refineries such as Dangote Refinery.
The national oil company called the report a misinterpretation of fact.
On Tuesday, November 12, 2024, a report attributed to the NNPC’s Group Chief Executive Officer, Mele Kyari, said that the state oil firm had stopped importing fuel to support domestic refineries.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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