Trading & Financial News
No Result
View All Result
Saturday, November 15, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Top 10 African countries with the lowest diesel costs in November 2025, priced in US dollars

by Tradinghow
November 15, 2025
in Markets
A A
0
Top 10 African countries with the lowest diesel costs in November 2025, priced in US dollars
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The cost of diesel has a direct impact on manufacturing costs, consumer pricing, and the overall competitiveness of firms

Nigeria, one of Africa’s largest oil producers, provides a case study for both the challenges and potential benefits of managing diesel costs.

In October 2025, the Nigerian government approved a 15% import levy on gasoline and diesel to protect multibillion-dollar home refineries, including Africa’s largest, the Dangote Refinery, which produces 650,000 barrels per day.

The measure is part of broader budgetary reforms aimed at reducing reliance on imported fuels and stabilizing the downstream petroleum markets.

While the import duty may initially increase fuel prices at the pump, the long-term goal is to reduce and stabilize fuel costs through domestic manufacturing.

By minimizing reliance on imported products, which frequently flood the market at prices lower than cost recovery, Nigeria can develop a market in which diesel prices reflect actual production costs rather than global volatility.

Nigeria’s strategy provides an important lesson for the rest of Africa: energy self-sufficiency is vital to managing diesel costs.

African countries may foster economic progress and social welfare by investing in domestic refining capacity and reducing reliance on imported petroleum.

In essence, low diesel prices are more than a matter of convenience; they are a powerful driver of economic resilience, competitiveness, and prosperity across the continent.

Nigeria’s ongoing energy reforms demonstrate how well-designed policies may leverage local production to deliver these benefits, serving as a model for other African countries looking to stabilize fuel costs and boost their economies.

With that said, here are the African countries with the lowest diesel cost in October, according to data from Global Petrolprices.

Compared to the list last month, when the global average price of diesel was 1.23 U.S. dollars per liter, as opposed to $1.24 per liter this month, diesel prices for Libya increased slightly.

While diesel prices for Egypt, Nigeria, Tunisia, Ethiopia, and Liberia reduced marginally.

Diesel prices for Algeria, Angola, and Sudan remained the same, as Madagascar replaced Gabon on the list for this month.



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Top 10 African countries with the lowest diesel costs in November 2025, priced in US dollars

Top 10 African countries with the lowest diesel costs in November 2025, priced in US dollars

November 15, 2025
Shah Rukh Khan announces ‘affordable’ property in Dubai worth Rs 4,000 crore, says his mother would have been proud: ‘Dekho papa ki building hai’ | Bollywood News

Shah Rukh Khan announces ‘affordable’ property in Dubai worth Rs 4,000 crore, says his mother would have been proud: ‘Dekho papa ki building hai’ | Bollywood News

November 15, 2025
Top 10 Africa’s most powerful militaries in 2025, power, personnel and budget

Top 10 Africa’s most powerful militaries in 2025, power, personnel and budget

November 15, 2025
ETFs Are More Active Than You Think

ETFs Are More Active Than You Think

November 15, 2025
ADVERTISEMENT

Recent News

Top 10 African countries with the lowest diesel costs in November 2025, priced in US dollars

Top 10 African countries with the lowest diesel costs in November 2025, priced in US dollars

November 15, 2025
Shah Rukh Khan announces ‘affordable’ property in Dubai worth Rs 4,000 crore, says his mother would have been proud: ‘Dekho papa ki building hai’ | Bollywood News

Shah Rukh Khan announces ‘affordable’ property in Dubai worth Rs 4,000 crore, says his mother would have been proud: ‘Dekho papa ki building hai’ | Bollywood News

November 15, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In