Morocco incurred an additional $2.2 billion in oil and gas import costs between March and August 2026 as the Strait of Hormuz crisis drove up global fuel prices, according to a recent report by the Attaqa platform.
Citing data from the Centre for Research on Energy and Clean Air, the report said diesel accounted for $1.8 billion of the increase in Morocco’s import bill.
Morocco had the third-highest additional import costs among African oil and gas importers, after Egypt and South Africa, according to the report.
The crisis, which began in late February amid escalating tensions involving the United States, Israel and Iran, drove up the prices of crude oil, petroleum products and liquefied natural gas, affecting countries dependent on imports.
Globally, importers of crude oil, petroleum products and LNG incurred an estimated $330 billion in additional costs during the six months following the crisis.
African oil and gas importers accounted for about 6.6% of the additional costs faced by importers worldwide.
Across Africa, 32 fuel-importing countries recorded a combined $21.9 billion increase in import costs between March and August 2026.
Egypt recorded the highest additional costs among African importers at $5.2 billion, followed by South Africa at $3.5 billion, according to the report.
Tanzania ranked fourth at $2.1 billion, followed by Kenya at $1.7 billion. Mozambique incurred an additional $1.2 billion, while Djibouti recorded $1 billion in higher costs.
Côte d’Ivoire and Senegal saw their import costs rise by $900 million and $700 million, respectively.
The remaining 23 countries accounted for a combined $3.4 billion in additional costs.
Meanwhile, nine African fossil fuel-exporting countries gained about $21.6 billion in additional revenue from higher prices, resulting in a net cost of about $300 million for the continent, according to the report.
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