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10 African Countries With The Highest Petrol Prices As Of March 2022

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10 African Countries With The Highest Petrol Prices As Of March 2022

In Africa’s most populous country Nigeria, petrol has been scarce for nearly one month. An earlier report by Business Insider Africa explained that the fuel scarcity in Nigeria began after the country inadvertently imported adulterated fuel.

Efforts by the West African country’s state-owned energy company (the NNPC) to clean up the contaminated product from the market inevitably resulted in a shortage. Since then, marketers have been engaging in hoarding and profiteering.

Interestingly, despite the recent price surge in Nigeria, the country is not among those with the highest price per litre in Africa. And that’s because the Nigerian Government heavily subsidises the commodity.

Moving on, the rising cost of petrol in Sub Saharan Africa has also be attributed to the ongoing Russian invasion of Ukraine. And there is palpable fear that as the conflict continues to escalate, it could have even more negative impact on energy costs in Africa.

According to DW, fears of possible cuts to Russian crude is yet another factor that has influenced rising energy costs around the world. As you may well know, Russia is one of the world’s top producers of crude. If the US or EU countries decide to extend Russia’s mounting economic sanctions by banning its oil, this would definitely portend catastrophe to the global energy industry.

Before we proceed to the list of 10 African countries with the highest petrol prices, it’s important to note that another factor responsible for rising energy cost in Africa is the fact that virtually all of Africa’s leading oil producing countries have failed at developing capacity to be able to refine the product locally.

That said, below are the 10 African countries with the highest petrol prices. This list is courtesy of data made available by Global Petrol Prices.

 

  1. Zimbabwe

    This Southern African country has the highest petrol cost in Africa. A litre of petrol costs as much as $2.153. Earlier this month, the country’s Energy and Power Development Minister, Zhemu Soda, explained that frequent petrol price hikes was due to developments in the international oil industry. Zimbabwe is not an oil producer, although there were conflicting reports about crude oil discovery in Northern Zimbabwe back in 2018.

  2. Seychelles

    This island country has the second most expensive fuel price in Africa. According to the information we are working with, a litre of petrol in this country is sold for $1.541. The country does not currently produce any oil and gas, although some international oil companies are busy prospecting potential oil deposits off its many coasts.

  3. Malawi

    In Malawi, it costs $1.426 to buy a litre of petrol. The country is said to have a great prospect of discovery crude oil reserves in Lake Malawi.

  4. South Africa

    Here, a litre of petrol costs $1.413. In 2019, Total Energies announced that it had made a major discovery of gas condensates in one of its exploration fields in South Africa. Experts said this could significantly improve the country’s fortunes.

  5. Uganda

    In this East African country, a litre of petrol costs $1.389. The high cost of petrol in Uganda is despite the fact that the country actually produces oil. Checks by Business Insider Africa show that the country’s crude oil reserves, as of 2021, stood at 2.5 billion barrels.

  6. Mauritius

    This country has the sixth most expensive petrol price in Africa at $1.381 per litre. Mauritius currently does not produce oil, although experts say there are prospects.

  7. Burundi

    In this East African country, a litre of petrol costs $1.340. According to the United Nations’ Environmental Programme, this country currently does not have any local sources of crude oil or natural gas.

  8. Senegal

    In this Francophone West African country, it costs $1.299 to buy a litre of petrol. The country discovered some crude oil deposits between 2014 and 2017, although full-scale exploration has been pushed back till 2023.

  9. Lesotho

    In this country, it costs $1.231 to buy a litre of petrol. The country does not have any confirmed oil deposits.

  10. Rwanda

    Here, a litre of petrol costs $1.230. Again, this East African country does not produce crude oil.

 

 

 

 

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Source: GhArticles.com

BUSINESS SPECIAL

Lemonade Finance presents Delay in “Wo si woyε musician?”

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Lemonade Finance presents Delay in “Wo si woyε musician?”

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.

 

On October 14th, 2022, Lemonade Finance announced seasoned media personality and serial entrepreneur Deloris Frimpong Manso “Delay” as a brand ambassador, alongside John Dumelo and Ras Nene “Dr Likee”.

 

In “Wo si woyε musician?”, an upcoming act misses his chance to impress Delay with his singing.

What happens next?

 

Find out when you watch the video here:

 

 

“To us, what the Delay brand brings is trust and discipline” says Precious Ama Kwartemaa Oduro, the Ghana country manager for Lemonade Finance.

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“Her wit in this ad captures what audiences, young and old have come to expect from the interview style of Obaa Afia Delay. The Yaa Asantewaa of the media industry”.

You can download Lemonade Finance by following: Customers who use the code DELAY during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any of our other supported African countries.

Find out more about the possibilities of Lemonade Finance on this dedicated page for Ghana.

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About Lemonade Finance

Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.

With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.

The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.

The Official Lemonade Finance channels are:

Instagram: @lemonade.finance, @lemonadefinance.gh

Twitter: @LemonadeFinance, @LemonadeFinGH

Facebook: @lemonade.finance, @lemonade.finance.gh

LinkedIn: lemonade-finance

YouTube: LemonadeFinance

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Lemonade Finance presents Dr Likee in “Wo bεka nukrε”

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Lemonade Finance presents Dr Likee in “Wo bεka nukrε”

Lemonade Finance presents Dr Likee in “Wo bεka nukrε”

 

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.

 

On October 14th, 2022, Lemonade Finance announced prolific actor and comedian, Dr Likee as a brand ambassador, alongside Deloris Frimpong Manso and John Dumelo. Now, Lemonade Finance is delighted to present the one and only ‘Ras Nene’ in “Wo bεka nukrε”. A first in a series of ads from the company.

Dr Likee stays in his usual character of spreading joy and laughter to his audience. Here, he brings his sharp wit and carefree character to a Chop Bar, hoping to eat and impress his long-time crush, Naomi. Spoiler alert! Thanks to Lemonade Finance, his Borga comes through. You can watch the ad here:

 

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Dolapo Omotoso, Online Community Manager for Lemonade Finance, who has quickly become Dr Likee’s biggest fan in-house had this to say about the ad and about working with his team.

“The way Dr Likee and his team have taken to bringing our vision to life, in their own unique way has been exciting to watch, he really is a fan favourite. ”

You can download Lemonade Finance by following Customers who use the code DRLIKEE during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any our other supported African countries.

In addition to this series of ads, the Lemonade Finance website now has a new look, improved functionality, more information and a dedicated page for Ghana.

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About Lemonade Finance

Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.

With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.

The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.

The Official Lemonade Finance channels are:

Instagram: @lemonade.finance, @lemonade.finance.gh

Twitter: @LemonadeFinance, @LemonadeFinGH

Facebook: @lemonade.finance, @lemonade.finance.gh

LinkedIn: lemonade-finance

YouTube: LemonadeFinance

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Business Articles

Salaries Paid Via MoMo Will Attract E-Levy – GRA Warns

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E-levy: GRA To Refund All Wrongful Deductions To Consumers

The Ghana Revenue Authority (GRA) has indicated that workers who receive their salaries through mobile money platforms will have E-Levy charges on them.

According to a Principal Revenue Officer and Head of the Project Management Unit at GRA, Isaac Kobina Amoako, workers should brace themselves for this, starting May 2022.

“… salaries are paid from their bank accounts onto mobile money platforms, the 1.50% fee will be deducted into the government coffers.”

The incident of the E-Levy charges on salaries paid via MoMo will be on the employer and not the employee.

Mr. Amoako explained that the controversial E-Levy is structured so that tax is factored into all revenue mobilisation streams.

In an interview with Joy News, the GRA official added that the Authority is ready to implement the E-Levy from May 1.

The official further explained that the current framework created by the law as it stands does not distinguish a corporate mobile money account and an individual mobile money account.

For the banks, the disbursements from corporate accounts were not mentioned so it is clear that one is exempt. But in the MoMo, there was no distinction between the corporate MoMo account and the individual MoMo account,” he told JoyNews.

He concluded by saying E-Levy will not be charged on salaries paid through the traditional way, i.e banks.

 

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Source: GhArticles.com

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