Fuel costs in Cape Verde witness another decrease in May.
Here's a rewritten version of your input:
Gotta love those declining fuel prices!
Your kitchen gas cylinder took another tumble, dropping a hefty 9% this month, now sitting at 1.650 escudos (around 14.96 euros)—the lowest price in the past year. And guess what? Diesel fuel followed suit, plummeting by 7%, making it hit the bottom line for the last 12 months at 103.7 escudos per liter (approximately 0.94 euros). Feeling left out? Don't worry! Gasoline also joined the party, dipping 5%, currently at 127 escudos (around 1.15 euros).
Compared to the same month last year (April 2024), it looks like we're winning the fuel price race, with an overall decrease of 18% in fuel costs, according to the Autoridade Reguladora Multissectorial da Economia (ARME).
To add some context, Cabo Verde might have fallen off Africa's top 10 list of priciest fuel when it comes to our wallet-draining gasoline and diesel expenses, replaced by Guinea and Sierra Leone. However, unfortunately, we don't have specific fuel price data for Cabo Verde in April 2024 from our sources.
The global gasoline price averaged around $1.25-1.27 per liter in April 2025, while African prices ranged significantly. At the top of the list, you'll find countries like the Central African Republic ($1.837) and Senegal ($1.653). On the contrary, the Seychelles and Sierra Leone were among the lower-priced countries at around $1.402 and $1.387 per liter, respectively.
As for diesel, the global average stood at roughly $1.19 per liter by the end of April 2025, even though Cabo Verde-specific diesel prices weren't included in the rankings, hinting that they likely fell below the $1.386 per liter threshold in 10th-place Guinea.
Just a heads-up: Our sources focused primarily on regional leaders and global averages rather than providing direct price reporting for Cabo Verde. The April 2025 data highlights the volatility in African fuel markets, with several countries witnessing an increase in fuel prices despite a slight dip in global averages.
So there ya have it! Keep filling up at those lower prices and enjoy the savings! Who knows? Maybe we'll take the lead in Africa's cheapest fuel rankings next month! 🚀💸
(Fun fact: Did you know that fluctuating fuel prices often directly impact the cost of goods and services in countries like Cabo Verde? That's why keeping an eye on their ups and downs is essential not only for businesses but also for consumers like us!)
- The decline in fuel prices, such as a drop of 9% in kitchen gas cylinder price, is good news for Cabo Verde's multissectorial industry, including the finance sector, as it reduces production costs.
- Verdean consumers can expect to see average costs of goods and services decrease due to the drop in fuel prices, creating a more energy-efficient economy.
- Given the current trend of decreasing fuel costs, Cabo Verde may further reduce its dependence on imported energy resources from countries like the Central African Republic and Senegal.
- As Cabo Verde continues to improve its ranking in lower fuel prices, it could serve as an attractive factor for international investment in various industry sectors, further boosting its economy.
