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Home Economy

How Ghana, Nigeria, others navigated fuel pricing strait amid Middle East war

Rahman ShabanbyRahman Shaban
April 10, 2026
in Economy, Narrative Reports
Reading Time: 3 mins read
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How Ghana, Nigeria, others navigated fuel pricing strait amid Middle East war
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After over a month of hostilities in the heart of the global oil supply hub, a Pakistan-brokered two-week ceasefire became the clearest sign of the Middle East conflict slowing down since it started on February 28, 2026, when the United States and Israel launched airstrikes against Iran.

Despite the April 8 ceasefire, in the 38 days of hostilities, the global economy got badly hit. Despite being miles from the frontlines, the West African region was affected through rising costs of fuel imports, as different countries announced measures related to fuel prices.

The International Monetary Fund (IMF) cautioned during the conflict that: “Economies heavily dependent on oil imports in Africa and Asia are finding it increasingly hard to access the supplies they need, even at inflated prices.”

In this piece, FactSpace West Africa looks at how fuel prices were especially affected across Anglophone West Africa – from Nigeria to Ghana, Liberia to Sierra Leone and The Gambia.

Pre-war pricesWar-era priceGovt action
Country Petrol Diesel Petrol Diesel Subsidy
Ghana GH¢10.24GH¢11.34GH¢13.30 GH¢17.10NO
Liberia LD 755LD 810LD 910 LD 1080NO 
Nigeria ₦1,162.5₦1,620₦1,051.47₦1,430NO
Sierra Leone NLe28.5NLe28.5 NLe35NLe40YES
The Gambia D82.50D84.60D98.0095.00YES

You can read our full report here: Pumps, prices and subsidies: How Anglophone West African countries managed fuel prices amid Middle East war

@factspacewa

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Tags: Middle EastfuelGhanaliberiaNigeriaoilsierra leonesubsidythe gambiaUSWest Africa
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