🎉 You earned 10 PAYBO for opening this shared post! Share it yourself to keep earning.
Story
10 African countries with the highest petrol prices as of March 2022
📅 25 December 2023❤️ 92 likes💬 107 comments🚀 137 times monetized
Have you ever wondered by pump prices are so high?
The price of fuel has increased because the price for crude oil, which is used to make petrol and diesel, has risen.
Then there is the fuel duty which is a government tax which makes up part of the price when you buy petrol, diesel or other fuel for vehicles or heating.
Fuel duty accounts for over a third of the price of a litre of petrol and it earns a lot of money for the government.
From Nigeria to Ghana and down to Zimbabwe, petrol prices are soaring.
At the start of the Covid pandemic demand for energy collapsed - pushing down prices.
It's important to note that another factor responsible for rising energy costs 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.
What impact has the war in Ukraine had?
Prices were rising before the war in Ukraine - and the fallout from Russia's invasion has made things worse.
Russian crude is yet another factor that has influenced rising energy costs around the world. 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.
It means demand for oil from other producers has increased, leading to higher prices. When wholesale energy prices move, petrol and diesel prices usually do too.
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.
Zimbabwe
Seychelles
Malawi
South Africa
Uganda
Mauritius
Burundi
Senegal
Lesotho
Rwanda
📤 Earn 10 PAYBO for every person who opens your share link
✦ Story behind this post
Amara saved every reward from her delivery job, converting petrol costs into precious memories. Each PAYBO point brought her closer to Uganda, where her grandmother waited.
The expensive fuel reflected Africa's struggles, yet strengthened her resolve. Back home, she'd learn traditional Carnatic music from Grandmother—melodies passed through generations, endangered by time.
Their reunion would be brief, but transformative. Amara recorded each lesson, preserving ancient ragas for her children. The high petrol prices had taught her something invaluable: heritage transcends geography.
Community bonds deepened through shared sacrifice. Together, they wove culture into tomorrow.
This post earned its writer real money
PaybookClub pays you for posting, liking, sharing and commenting. No deposit, nothing to buy.