Fuel Prices in Malawi Highest in Africa and Second Highest in the World

 Fuel prices in Malawi have risen to $3.84 per liter, making them the highest on the African continent and the second highest in the world, behind only Hong Kong, according to the analytical portal Global Petrol Prices.

Malawi is the only African country among the top 15 nations with the highest fuel prices. According to the portal's estimates, the second highest fuel prices in Africa are recorded in Zimbabwe, which ranks 18th globally. There, consumers pay $2.23 per liter of fuel. In third place in Africa and 43rd globally is the Central African Republic (CAR), where a liter of fuel costs $1.87.

Also among the top 10 African countries with the highest fuel prices per liter are Sierra Leone, Morocco, Senegal, Rwanda, Mali, Burkina Faso, and Cameroon. In these countries, prices range from $1.78 to $1.50 per liter of fuel.

The lowest price both on the continent and globally is recorded in Libya — 2.4 cents ($0.024) per liter. Also among the lowest prices in Africa are seen in Algeria and Angola, where consumers will pay 33 cents and 36 cents per liter of fuel, respectively.

Earlier in April, authorities in Niger's Diffa region imposed restrictions on fuel sales due to a gasoline shortage amid the conflict in the Middle East.

Global Petrol Prices is an analytical portal that, since 2012, has analyzed official data from governments, information from research institutes, fuel retailers, and consumer information to collect independent data on fuel, diesel, oil, and gas prices.