African countries see diesel prices rise as global average hits $1.57 per liter in April 2026
Updated
Updated · Business Insider Africa · Apr 26
African countries see diesel prices rise as global average hits $1.57 per liter in April 2026
7 articles · Updated · Business Insider Africa · Apr 26
Diesel prices climbed from $1.44 to $1.57 per liter, with increases in Algeria, Egypt, Tunisia, Ethiopia, Gabon, and Niger, while Madagascar replaced the Democratic Republic of Congo among countries with the lowest prices.
The surge is attributed to the ongoing Iran war and volatility in the Strait of Hormuz, which temporarily pushed Brent crude above $110–$120 per barrel, sharply impacting import-dependent African economies.
Higher diesel prices have led to rising transportation and food costs, prompting countries like Namibia to cut fuel levies and Nigeria to expand domestic refining to mitigate supply disruptions and inflationary pressures.
How did Madagascar secure cheap fuel while its neighbors face crippling price hikes?
As fuel prices soar, are vulnerable nations on the brink of widespread social unrest?
Are African fuel subsidies a temporary relief or a fast track to fiscal disaster?
Can Nigeria’s new mega-refinery become the energy shield for all of Africa?
Could this energy crisis be the catalyst that finally unlocks Africa's renewable potential?
With the Strait of Hormuz closed indefinitely, is a global recession now inevitable?