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Fuel Prices Surge in Africa as Iran War Hits Supply
Several countries are cutting taxes and imposing curbs as shortages spread, with Somalia’s fuel prices more than doubling and South Africa facing a 50% diesel jump.
- According to a recent Bloomberg report, the ongoing Iran war is driving fuel prices higher across Africa, forcing governments to implement emergency measures as global supply costs surge.
- Most African nations import the majority of their petroleum products, leaving economies highly vulnerable to global market disruptions and geopolitical tensions that quickly impact transport costs and food prices.
- In Malawi, the Energy Regulatory Authority raised petrol prices by 34% on Wednesday, while Tanzania set a new petrol price cap in Dar-es-Salaam up 33% from March, and Ghana pushed prices up around 15%.
- To cushion consumers, Mauritania promised wage increases and cash transfers, South Africa reduced fuel levies for one month, and Egypt imposed a 9 p.m. curfew on businesses to reduce energy demand.
- Recurring external shocks demonstrate the urgent need for investment in local refining capacity and energy diversification to reduce the continent's structural dependence on imported fuel and exposure to volatile global markets.
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Iran war: what African countries can do to get through the crisis and emerge in a better place
The South African rand is one of many currencies in Africa to have lost value against the dollar in the wake of the US/Israeli war against Iran. Waldo Swiegers/Bloomberg via GettyimagesBy Easter 2026 it was still not clear when – or how – the war initiated by Israel and the US against Iran would end. But what was already clear was that it would harm Africa in a number of ways. Firstly, it would adversely affect the global supply and prices of oi…
Coverage Details
Total News Sources13
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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