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Libya, Angola, Algeria Lead As Africa’s Cheapest Fuel Markets In January 2026

by Danjuma Obinna
1 February 2026
Reading Time: 2 mins read
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Several African countries remain among the world’s cheapest destinations for petrol, a situation largely driven by fuel subsidies, government price controls, domestic refining capacity, and access to crude oil reserves.

Data available for January 2026 show that Libya continues to top the continent as the country with the lowest petrol prices, far below global averages. Angola and Algeria follow in second and third positions, according to figures published by Global Petrol Prices.

The data capture average national retail petrol prices across African countries and were last updated on January 26, 2026. Prices are quoted in United States dollars per litre and converted to local currencies using prevailing exchange rates.

Global Petrol Prices, which compiled the rankings, tracks national average retail energy prices in more than 150 countries and over 250 cities worldwide. The platform updates its figures weekly and covers petrol, diesel, electricity, and natural gas. Although the data serve as a benchmark, pump prices may differ within countries due to location, supplier practices, and distribution costs.

Among the countries listed, Niger ranks 10th with a petrol price of $0.903 per litre, which is equivalent to about 499 West African CFA francs. This compares with the average global diesel price of about 693.51 West African CFA francs during the same period, underscoring Niger’s relatively lower fuel costs.

Despite being landlocked and having limited domestic refining capacity, Niger relies heavily on imported petroleum products. However, regional supply arrangements and targeted government measures continue to shield local pump prices from the full impact of international market swings.

The current regulated fuel price in Niger follows a downward adjustment introduced in 2024, when authorities reduced prices as part of wider efforts to ease economic pressure and rising living costs after prolonged political and economic instability. Since that adjustment, the government has sustained price controls to support households, transport operators, and small businesses, even as global energy prices continue to fluctuate.

Tags: AfricaFuel

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