Oil
Top 10 African countries with the lowest petrol prices in October
CEII brief
Nairametrics reported on 3 Nov 2026: Top 10 African countries with the lowest petrol prices in October.
Read the full story on NairametricsAs the conflict in the Middle East continues to disrupt global energy supply chains, crude oil prices have surged by 13%, putting significant pressure on countries, particularly African nations that still rely heavily on imports of refined petroleum products.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Nairametrics. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
