Côte d'Ivoire

Côte d'Ivoire faces high vulnerability due to its 75% oil import dependency, exacerbated by rising global prices, though its low Hormuz exposure mitigates some direct shipping risk. Gasoline prices are $1.12/L, and fuel reserves stand at a concerning 20 days, putting pressure on the economy. While Côte d'Ivoire is a small oil producer and its Abidjan refinery is crucial for West Africa, the high food risk and a 62% increase in fertilizer costs threaten broader economic stability. The outlook suggests continued strain on fuel supplies and consumer prices in the coming weeks, despite its regional refining capacity.