The 10 African countries with the highest fuel prices in 2021.
Crude oil costs make up the majority of the retail price of gasoline or fuel. WTI crude oil has recently been trading at $75.89 per barrel.
An oil barrel is defined as 42 US gallons, or around 159 liters, or 35 imperial gallons in the global oil industry.
The price of crude oil is calculated to be $0.45-$0.46 per liter. The retail price includes all taxes and subsidies, as well as the cost of refining and shipping the product, commission, and so on.
The global average price of gasoline is 1.17 U.S. Dollars per liter. Richer countries tend to have higher prices, whereas poorer countries and those that produce and export oil tend to have lower prices.
The pricing disparities between countries are primarily due to different gasoline taxes and subsidies.
All countries have access to the same worldwide petroleum prices, but they choose to apply various taxes.
Below are the countries with the highest fuel prices in Africa;
|Rank||Country||Fuel price (US$)|
|3.||Central African Republic||1.544|