Global Diesel Price Falls to $1.54/L as DRC Ousts Madagascar in African Ranking
Updated
Updated · Business Insider Africa · Jun 23
Global Diesel Price Falls to $1.54/L as DRC Ousts Madagascar in African Ranking
1 articles · Updated · Business Insider Africa · Jun 23
Summary
$1.54 per litre became the new global average diesel price in June 2026, down from $1.57 in May, while the Democratic Republic of Congo moved ahead of Madagascar in the latest African ranking.
Egypt, Angola, Tunisia and Gabon posted marginal month-on-month increases, while Niger and Ethiopia recorded slight declines and Libya, Algeria and Sudan held steady.
Kenya has already cut fuel prices by more than 4% after public pressure over living costs, underscoring how even small diesel moves can quickly affect freight, public transport and food prices.
Lower diesel costs can also ease inflation, reduce backup-power expenses in countries reliant on generators, and improve competitiveness for agriculture, manufacturing and construction across Africa.