The average price of gasoline around the world is 1.31 U.S. Dollar per litre.

However, there is substantial difference in these prices among countries.

In Africa, Mali sells petrol for N2266 while Nigeria sells for a peak price of N668.

The differences in prices across countries are due to the various taxes and subsidies for gasoline.

All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different.

Here is a list of PMS price in some African countries in Naira and dollar:

NAIRA EQUIVALENT

1 Mali: ₦2,266
2 Ivory Coast: ₦2,289
3 Cameroon: ₦2,196
4Togo: ₦1,832
5 Benin: ₦1,779
6 Ghana: ₦1,594
7. Nigeria: ₦668

 USD EQUIVALENT:

1 Mali: $1.435
2 Ivory Coast: $1.450
3 Cameroon: $1.391
4 Togo: $1.160
5 Benin: $1.127
6 Ghana: $1.009
7. Nigeria: $0.423

END.