Afripoli

Oil above $100 deepens strain on African fuel importers

9 October 2026

Rising oil prices keep pushing up costs for Africa’s fuel importers: Brent crude jumped about 5% to around $105 a barrel on 8 October after new attacks on tankers in the Strait of Hormuz. In the Central African Republic, civil society groups on 8 October called a stay-away for 12 October against a fuel price rise to 1,150 CFA francs a litre for petrol and 1,400 for diesel. Uganda’s shilling fell past 4,000 to the dollar for the first time this week, according to Bloomberg, while bus and taxi fares in Eswatini have risen by up to 38%. Exporters such as the Republic of Congo gain revenue, but importers face weaker currencies, faster inflation and protests.

Energy & Industry · Tags: Central African Republic, Uganda, Eswatini, Republic of Congo

Related Oil shock lifts East African fuel and business costs 8 October

Sources

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