Edited by Ali Musa, Axadle Times International–Monitoring
Fuel prices—those defiantly fluctuating metrics that often dictate our frustrations at the pump and influence our day-to-day choices. I mean, who hasn’t spent that fleeting moment wondering if it’s worth driving across town just to save a few cents per litre? According to recently compiled data from GlobalPetrolPrices.com, some countries have either mastered the art of keeping these prices low—or have strategies so elusive that they look like they’ve cracked a mysterious code.
Libya Maintains Position as Cheapest Fuel Market in the World
Libya, a country that often finds itself in the news for geopolitical reasons, has an intriguing, less-discussed accolade: it offers the cheapest petrol price on the globe. Picture this—a mere $0.027 per litre. It makes you pause, doesn’t it? How is it possible? While the rest of the world grapples with ever-rising costs, Libya stands as an exception. Imagine driving through Tripoli and spotting the petrol price tag that looks like it fell out of the early ’90s—a curious thought, indeed.
Angola and Egypt trail behind, with petrol priced at $0.328 and $0.331 per litre, respectively, a reminder that some African nations are navigating a different economic landscape when it comes to fueling their vehicles.
Here’s a little more context, a lineup of sorts, showcasing countries capitalizing on these lower costs across Africa:
| Rank | Country | Petrol Price (USD/litre) |
|---|---|---|
| 4 | Algeria | $0.343 |
| 5 | Nigeria | $0.560 |
| 6 | Sudan | $0.700 |
| 7 | Tunisia | $0.831 |
| 8 | Ethiopia | $0.851 |
| 9 | Liberia | $0.871 |
| 10 | Ghana | $1.029 |
Speaking of Ghana, the country has experienced a slight hiccup—a small, yet meaningful increase in fuel prices as of April 2025. It’s a familiar story for many: the National Petroleum Authority (NPA) reported a 2% rise, taking the current rate to GH¢15.20 per litre for petrol. Diesel wasn’t far behind, marking a 1.1% increase to GH¢15.35 per litre. However, fans of Liquefied Petroleum Gas (LPG) caught a small breather, with prices dipping by 0.3% to GH¢17.30 per kilogramme. It’s these subtle rises and falls that put consumers on a constant pivot, weighing convenience against cost.
Crude Oil Prices Remain Relatively Low
In an intriguing twist, global crude oil prices have remained relatively tempered, generally hovering around $65 per barrel during the initial months of 2025. There’s a curious juxtaposition here: while petrol prices in Ghana know a dance of their own, it seems global crude holds steady, casting a question about how these dynamics play with each other and what the future holds. Are we on the brink of another economic shift, or is it simply the calm before the storm? It’s thoughts like these that keep market analysts on their toes.
Ghana’s Fuel Pricing Trends Over Time
If we flash back to January 2025, Ghana was in a slightly more favorable position—13th on the African continent for the lowest petrol prices. A far cry from a season earlier, the national petrol price averaged $1.051 per litre, having dipped from $0.985 the previous month. It’s a puzzling trend that saw Ghana drop from the 43rd spot globally to 53rd in just months. Change is constant, yet its pace can surprise even the most seasoned observers.
Libya, Angola, and Egypt consistently lead the continent with the lowest prices, Libya being a phenomenon in its own right. As Ghana faces the ongoing challenge of balancing these prices against global market influences and internal economic pressures, one can’t help but wonder what needs to shift for stabilization. How do we reconcile the disparity between these drastically different price points across Africa? This is a discussion poised to captivate, tease, and provoke thought for years to come.
Edited by Ali Musa, Axadle Times International–Monitoring
