When diesel costs remain low, several countries in Africa are in a great position to reap a slew of economic and social benefits. Low diesel prices have a direct effect in terms of lower transportation expenses.
Trucks, particularly delivery trucks, can transport goods more efficiently, resulting in lower prices for food, construction supplies, and consumer products.
For a continent where transportation costs have a significant impact on retail pricing, steady and low diesel prices serve to alleviate household financial burdens.
Tractors, irrigation pumps, and transport vehicles that run on diesel are essential to African farms. As a result of lower diesel prices, farmers can spend more on technology, seeds, and fertilizer.
This stabilizes the food supply, keeps food prices within customers’ means, and boosts agricultural output.
Small enterprises and unofficial transportation providers, such as taxis and minibuses, are especially vulnerable to fluctuations in energy prices.
These businesses can maintain employment and profitability because low diesel costs lower operating overhead.
Employees can commute effectively and safely thanks to affordable fuel, which also guarantees that public transportation will continue to be available.
In summary, low and steady diesel prices keep living expenses from rising suddenly, which lessens social discontent and public annoyance.
When diesel prices are low in some African countries, it can serve as a strategic tool for economic stability and growth, not merely a temporary respite for consumers.
In addition to improving the quality of life for millions of people, countries may manage inflation, encourage investment, and help small companies, transportation networks, and agriculture by keeping gasoline prices low.
With that said, here are the African countries with the lowest diesel cost in October, according to data from Global Petrolprices.
Compared to the top 10 list last month, when the global average price of diesel was $1.23 per liter, the same as this month, diesel prices for Libya, Angola, and Sudan remained the same
While prices for Algeria, Tunisia, Ethiopia, and Gabon reduced slightly.
Prices for Egypt and Nigeria increased marginally. Liberia ousted Madagascar for a spot at the top 10 list this month.









