Despite global market volatility, 10 African countries will maintain the cheapest fuel prices in July 2026.

Written by Amna Hassan

Fuel prices continue to play a pivotal role in shaping the economy.   AfricanAny decrease in the cost of gasoline and diesel is directly reflected in transportation, trade, and the prices of basic commodities.

In July 2026, the average global price of gasoline fell slightly to $1.50 per liter compared to $1.51 during the previous month, which gave a number of African countries an opportunity to ease economic pressures and boost the purchasing power of citizens.

Limited decline in some countries and stability in others.

The latest data shows a slight decrease in gasoline prices in Libya, Tunisia, Niger, Gabon, and Ethiopia compared to last month, while Egypt and Nigeria saw a slight increase. In contrast, Angola, Algeria, and Sudan maintained unchanged fuel prices, reflecting the varying pricing and subsidy policies among these countries.

Cheap fuel supports trade and curbs inflation

Road transport is the backbone of trade in most African countries, so lower fuel prices positively impact the cost of transporting people and goods, easing the burden on businesses and consumers. It also helps reduce supply chain costs, which in turn helps mitigate inflationary pressures and reduces the likelihood of price hikes for food and other essential goods.

Recent experiences confirm that stable energy prices give local economies greater ability to support business activity and stimulate investment, especially in the industrial and service sectors.

South Africa and Tanzania are examples of how to benefit from falling prices

South Africa emerged as one of the countries that benefited most from lower fuel prices, having implemented significant reductions in gasoline prices driven by the decline in global refined fuel prices and the strengthening of its local currency. However, ongoing tensions in the Middle East remain a factor that could push prices back up due to their impact on global energy markets.

In Tanzania, the government announced that retail fuel prices would begin to fall as low-cost imported shipments arrived, in a move aimed at reducing shipping costs, improving the business environment and supporting consumers.

African countries with the lowest fuel prices

According to GlobalPetrolPrices data, the countries that maintained the lowest fuel prices in Africa during July 2026 were Libya, Tunisia, Niger, Gabon, and Ethiopia, along with Angola, Algeria, and Sudan, while Egypt and Nigeria saw slight increases.

This performance underscores that maintaining stable and low energy prices is a key element in promoting economic growth, attracting investment, and improving living standards in Africa.