Top 10 African countries with the highest cost of diesel at the end of 2024

Diesel remains a critical energy source for many African countries, especially in regions where alternative energy solutions are still underutilized.

Business Insider Africa presents the top 10 African countries with the lowest cost of diesel at the end of 2024.
This list is courtesy of GlobalPetrolPrices.
CAR is number 1 on the list.

Diesel costs play a pivotal role in shaping economic trajectories, particularly in sectors such as manufacturing, agriculture, and transportation.

When diesel prices rise, the effects ripple through the economy, leading to higher costs for transportation, electricity, and food.

This inflationary pressure can increase the overall cost of living and make it harder for businesses to remain competitive.

High diesel costs often lead to increased production costs. Industries face higher expenses, which are often passed on to consumers in the form of higher prices for goods and services.

Also, farmers, reliant on diesel-powered equipment, struggle with rising costs, potentially leading to lower yields and food shortages.

Elevated fuel prices, including diesel drive up logistics expenses, affecting supply chains and market accessibility.

Below is a list of African countries currently facing the highest diesel prices, according to data from Global Petrol Prices.

The global average price of diesel for the month of December is 1.17 U.S, the same amount that was recorded in November.

The price of diesel for CAR increased slightly in December, compared to November. While diesel prices for Malawi, Zimbabwe, and Seychelles decreased.

Mozambique, Sierra Leone, Burundi and Guinea, in line with the global average diesel price, all retained the same amount for this month as they did last month, while Cameroon and Uganda are new additions to this month’s list, replacing Togo and Mauritius.

DON’T MISS THIS: Top 10 African countries with the lowest cost of diesel at the end of 2024