Cycling to work may soon be, if not already, an imperative as the consistent jump in fuel prices in the country since September has secured Ghana a top spot on the list of African countries with very expensive fuel prices.
With an African average of GH¢ 5.978 ($0.98) per litre, fuel in Ghana is currently hovering around GH¢ 7 ($1.142) per litre.
Although Ghana’s price is still far lower than the global average of GH¢ 9.28 ($1.5), it comes 11th on the table of 44 African countries with the most expensive fuel.
This is according to data analyzed from Global Petrol Prices, an open-source platform that gathers data on the cost of different fuels across the world.
The data gathered from official government sources, regulatory agencies and petroleum companies show that on the continent of Africa, fuel is least expensive in Algeria, selling at GH¢ 1.22 ($0.20) per litre, while Zimbabwe holds the unenviable title as the country with the highest fuel price selling at GH¢9.76 ($1.6) per litre.
In the West African sub-region, Ghana is only third behind Cape Verde and Senegal has the highest fuel price.
Understandably, Nigeria, an oil-producing country has the lowest price in the sub-region followed by Sierra Leone and Benin per the weekly data as of 15th November 2021.