Story perspectives

Fuel Prices Surge Across Africa, Threatening Economic Stability

3/12/2026

Summary

Story summary

Nigeria's fuel price has surpassed ?1,000 per litre due to Dangote Refinery hikes and oil-market fluctuations, raising transport and generator energy costs.
In Southern Africa, petrol prices are set to rise by more than R2 per litre.
In Mogadishu, Somalia, fuel prices have nearly quadrupled due to Middle East supply-chain disruptions.
Experts warn that without strategic government action, price hikes will worsen inequality and hinder development across Africa.

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Story summary

Nigeria's fuel price has surpassed ?1,000 per litre due to Dangote Refinery hikes and oil-market fluctuations, raising transport and generator energy costs.
In Southern Africa, petrol prices are set to rise by more than R2 per litre.
In Mogadishu, Somalia, fuel prices have nearly quadrupled due to Middle East supply-chain disruptions.
Experts warn that without strategic government action, price hikes will worsen inequality and hinder development across Africa.