Rising Fuel Costs Put Pressure on African Economies, With Prices Spiking in Zimbabwe, Senegal and Morocco

Several African countries saw fuel price increases over the past year due to budgetary pressures and rising food and energy costs.

Higher fuel prices impact transportation expenses, putting pressure on goods/services prices and potentially fueling inflation.

Regulating energy prices has become a top priority for some African governments.

Sectors like logistics, manufacturing, and agriculture may see higher operational costs and squeezed profit margins.

The top 10 African countries with the highest fuel prices in March 2023 are listed, with Zimbabwe, Senegal, and Morocco seeing some of the biggest increases.