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The 10 African Countries With The HIGHEST FUEL PRICES 2023...
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10 African Countries with the Highest Average Petrol Prices in 2023...
Oil prices have continued to skyrocket as global supply reduces. The average international oil reference price has risen by 90.6% and more than a hundred percent for petrol and diesel respectively.
According to McKinsey and Company, the African oil and gas industry is entering a new era and there are reasons why petrol prices are constantly on the rise as you will be discovering shortly.
Looking at the causes of these price hikes at the global level, the covid-19 pandemic triggered significant market volatility across the global oil sector in the past 3 years and now, fluctuations in petrol prices are very common as conflict-hit Russia and Ukraine.
African producers are facing several challenges as well. Production has slowed down in African oil legacy fields, coupled with political instability in countries such as Libya.
Here are the 10 African countries with the highest average petrol prices in 20 22.
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The Richest Royal Families In The World:
FOOTAGE licensed through Storyblocks
Oil prices have continued to skyrocket as global supply reduces. The average international oil reference price has risen by 90.6% and more than a hundred percent for petrol and diesel respectively.
According to McKinsey and Company, the African oil and gas industry is entering a new era and there are reasons why petrol prices are constantly on the rise as you will be discovering shortly.
Looking at the causes of these price hikes at the global level, the covid-19 pandemic triggered significant market volatility across the global oil sector in the past 3 years and now, fluctuations in petrol prices are very common as conflict-hit Russia and Ukraine.
African producers are facing several challenges as well. Production has slowed down in African oil legacy fields, coupled with political instability in countries such as Libya.
Here are the 10 African countries with the highest average petrol prices in 20 22.
Other videos you will love watching on our channel;
The Richest Royal Families In The World:
FOOTAGE licensed through Storyblocks
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