Lesotho

Lesotho, a landlocked enclave, faces critical energy security challenges due to its 100% oil import dependency and reliance on South Africa for all fuel supplies. Gasoline prices are $1.38/L, with a meager 15 days of reserves, leaving the nation highly exposed to regional supply chain issues. The country is also experiencing high food risk and a 68% increase in fertilizer prices, threatening food security. Lesotho's fate remains inextricably linked to South Africa's ability to secure and distribute fuel, making its outlook precarious in the coming weeks.