Libya Leads Africa in Cheapest Diesel Prices August 2026

As of August 17, 2026, Libya has the cheapest diesel price in Africa at $0.024 per litre, followed by Algeria at $0.23 and Egypt at $0.41 per litre, according to data from Global Petrol Prices. The ranking illustrates the impact of fuel subsidies, taxation, and domestic refining capacity on diesel prices across the continent.

Madagascar, with diesel priced at $1.13 per litre, completes the top ten list. Ethiopia's diesel price is $1.115 per litre, while Niger and Gabon have prices of approximately $1.091 and $1.015 per litre, respectively.

Tunisia ranks sixth with a price of $0.76 per litre. The global average diesel price stands at $1.51 per litre.

The article also notes that geopolitical tensions, particularly around the Strait of Hormuz, are influencing energy markets and domestic fuel pricing, with countries like Madagascar facing energy emergencies due to supply disruptions.