Rising oil prices are being felt on the forecourts, with petrol up 63% in Sudan, 50% in Sierra Leone and 42% in Ghana compared with 9% in Britain. “You cannot isolate oil from the other markets – gas prices are higher, coal prices are higher, food prices are higher and you have supply-chain bottlenecks. The UN’s agencies raised concerns about how rising food and fuel costs will affect their operations, predicting a $136m rise in operational costs in West Africa. “The developing countries are facing a perfect storm of soaring food and fuel prices with already limited fiscal space and high debt ratios. Kholood Khair, of Sudanese thinktank Insight Strategy Partners, said the rise in food and fuel prices is adding to the grievances being voiced by protesters.

Source: The Guardian April 29, 2022 20:33 UTC