Omanghana
Libya maintained its position as the African country with the lowest petrol price in July 2026, with motorists paying an average of approximately $0.023 per litre.
The North African oil producer also ranked as the country with the cheapest petrol globally, according to data published by Global Petrol Prices for July 27, 2026.
The average price of petrol worldwide stood at approximately $1.50 per liter, highlighting the wide gap between pump prices in Libya and those in most international markets.
Several oil-producing African countries dominate the list because domestic production, regulated pricing and government subsidies help shield consumers from the full cost of fuel.
African Countries With the Lowest Petrol Prices
| Rank in Africa | Country | Price per litre | Global rank |
|---|---|---|---|
| 1 | Libya | $0.023 | 1st |
| 2 | Angola | $0.327 | 4th |
| 3 | Algeria | $0.352 | 6th |
| 4 | Egypt | $0.475 | 8th |
| 5 | Sudan | $0.700 | 17th |
| 6 | Tunisia | $0.852 | 19th |
| 7 | Niger | $0.870 | 21st |
| 8 | Nigeria | $0.929 | 24th |
| 9 | Gabon | $1.031 | 30th |
| 10 | Ethiopia | $1.046 | 33rd |
Libya’s official petrol price of 0.15 Libyan dinars per liter was equivalent to about $0.023 during the reporting period.
Angola followed at $0.327 per liter, while Algeria ranked third in Africa at $0.352. Both countries continue to benefit from domestic oil production and regulated fuel-pricing systems.
Egypt placed fourth at $0.475 per liter despite recording a modest increase from the previous month.
Sudan completed the continent’s five cheapest markets with an official price of $0.700 per liter.
Prices Decline in Several Markets
Libya, Tunisia, Niger, Gabon and Ethiopia recorded slight reductions in their dollar-denominated petrol prices compared with the previous month.
Angola, Algeria and Sudan experienced little or no movement during the period, reflecting regulated markets in which official prices tend to change less frequently.
Egypt and Nigeria recorded marginal increases.
Nigeria’s petrol market has become more exposed to international crude prices, foreign-exchange movements and domestic supply costs following the removal of broad fuel subsidies and the transition towards market-based pricing.
As a result, changes in global oil markets and the value of the naira can be reflected more quickly at Nigerian filling stations.
Why Petrol Prices Differ
International petrol-price differences are influenced by several factors, including:
- Government subsidies and taxes
- Domestic crude oil production
- Local refining capacity
- Transportation and distribution expenses
- Exchange-rate movements
- Price controls and other regulatory policies
Oil-producing countries often maintain lower pump prices by subsidizing consumption or limiting the taxes imposed on petroleum products.
By contrast, fuel-importing countries may face higher prices because they must absorb international purchasing costs, foreign-exchange pressures, shipping expenses and domestic taxes.
The rankings are based on official average petrol prices converted into U.S. dollars. Actual prices may differ across cities and filling stations, while shortages and informal-market trading can cause consumers—particularly in politically unstable countries—to pay substantially more than the official rate.
Dollar-denominated comparisons can also change even when a country’s local pump price remains constant because fluctuations in exchange rates affect the converted figure.
Source: Omanghana
