Angola remains among the countries with the lowest petrol prices in the world, ranking second on the African continent and fourth globally, with a litre retailing at $0.327. The figures come from the October rankings published by international platform Global Petrol Prices and were released by Angola's Ministry of Mineral Resources, Petroleum and Gas.

According to information published by the Ministry, Angola is surpassed only by Libya on the African continent, maintaining a prominent position in an international context characterised by energy price volatility and successive adjustments in oil markets, Lusa reported.

The ranking places Angola among the markets where consumers face the lowest costs to access petrol, reflecting, according to Angolan authorities, the effects of national fuel price regulation policies and the strategic importance of the petroleum industry to the economy. The hydrocarbons sector continues to play a central role in Angola's economic structure, constituting one of the main sources of public revenue and foreign exchange, while directly influencing the operation of various productive activities.

According to the Ministry of Mineral Resources, Petroleum and Gas, maintaining relatively low prices helps reduce costs associated with mobility, freight transport, and product distribution, with potential knock-on effects on business operating costs. "Fuel prices have an impact on various economic sectors, especially transport, logistics, and goods distribution, helping to mitigate companies' operational costs," the official statement reads.

Angola's positioning carries particular relevance at a time when several countries are facing pressures stemming from fluctuations in international oil prices, which feed through to the retail prices of refined products. Despite being one of Africa's leading oil producers, Angola also faces the challenge of balancing domestic fuel pricing policy with public finance sustainability and the need to strengthen national refining capacity.

Maintaining low prices represents an immediate advantage for consumers and businesses, although the assessment of their broader economic effects also depends on the costs associated with regulatory policies and the mechanisms used to ensure market supply.

The Global Petrol Prices ranking thus underscores Angola's position in the African fuel market, where only Libya records a lower petrol price than Angola, according to data for October 2026.