Libya tops list as African fuel prices remain below $1 in the top 9 African nations

Key Takeaways

Libya maintains its position as the cheapest fuel market in Africa with just $0.028 per litre.
Nine out of ten countries have fuel prices under $1 per litre, signalling widespread affordability across much of the continent.
Nigeria, despite partial subsidy reforms, still ranks among the cheapest with fuel priced at $0.586 per litre.
DR Congo is the only country in the top 10 where fuel costs exceed $1 per litre, standing at $1.039.
Ethiopia and Liberia are the only non-oil-producing countries among Africa’s top 10 cheapest fuel markets.

As of the 23rd of June, 2025, Libya continues to offer the lowest fuel prices in Africa at just $0.028 per litre, driven by its oil-rich economy and longstanding fuel subsidy regime. Angola ($0.327), Algeria ($0.354), and Egypt ($0.380) also feature among the most affordable, highlighting how domestic production and state intervention help suppress pump prices.

Nigeria, Africa’s top oil producer, places mid-table at $0.586, a reflection of its ongoing shift away from full fuel subsidies. Interestingly, among the top 10 cheapest fuel markets, only Ethiopia and Liberia are non-oil-producing nations, suggesting that ultra-low prices are not exclusive to oil exporters. DR Congo is the only country in this group with fuel costing over $1 per litre, at $1.039.

Source:

Global Petrol Prices

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Period:

23 June, 2025

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