Despite lower oil prices following the easing of tensions in the Strait of Hormuz, fuel costs in some of Africa's most expensive markets remain stubbornly high, with motorists still paying more than $3.00 per litre.
Global crude oil markets have eased after Brent fell back below $78 per barrel, reversing earlier spikes triggered by geopolitical tensions in the US–Iran conflict that at one point pushed prices close to $120 per barrel.
The retreat reflects improving shipping conditions in the Strait of Hormuz following an interim peace agreement between Washington and Tehran.
Before the crisis, Brent traded closer to $70 per barrel, suggesting markets are gradually returning to pre-conflict levels. However, the decline has not translated into meaningful relief for fuel consumers across Africa.
Across several markets, retail fuel prices remain elevated, driven by structural constraints rather than global crude trends alone.
