Countries are taking various measures to cushion the effects of fuel price hikes on citizens. Here are some examples:
• Subsidies and Price Controls: Countries like Algeria, Egypt, and Libya are maintaining subsidies to keep fuel prices low, with Libya offering petrol at $0.024 per litre, making it one of the cheapest in Africa.
• Tax Relief: Brazil has eliminated federal taxes on diesel, while Italy is considering cutting excise duties to soften fuel prices.
• Energy Vouchers: South** Korea is introducing energy vouchers to support vulnerable households.
• Price Caps: Japan has instructed oil reserve sites to prepare for a potential release of strategic reserves, while South Korea has introduced a maximum price cap on petrol and diesel.
• Alternative Measures: Countries like India are maximizing LPG production and urging users to shift to piped natural gas, while China is releasing fertilizers from national commercial reserves.
• Fuel Storage and Regional Cooperation: African governments are accelerating investment in fuel storage and regional supply coordination, supported by the African Development Bank ¹ ² ³.
Some African countries with relatively affordable petrol prices include Libya ($0.024 per litre), Angola ($0.327 per litre), and Algeria ($0.357 per litre) ⁴ ⁵ ⁶.
Meta AI (Accessed 18 March 2026)
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