In September 2023, the price of diesel in Nigeria increased by 4.27 percent, compared to August 2023. In the period under review, the largest increase was recorded in March 2022, when the average price increased by almost 73 percent in comparison to the previous month. This steep rise was related to a global fuel shortage and supply chain challenges triggered by the war in Ukraine and regulations used to curb the spread of COVID-19.
Monthly percentage change in diesel prices in Nigeria from July 2019 to September 2023
Characteristic
Percentage change in price
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The source adds the following information: "Fuel Prices are collected across all the 774 local governments across all States and the FCT from over 10,000 respondents and locations and reflect actual prices households state they actually bought those fuels together with the prices reportedly sold by the fuel suppliers."
Figures for August 2021 was not provided by the source.
Data were taken from several source publications.
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NBS (Nigeria). (October 20, 2023). Monthly percentage change in diesel prices in Nigeria from July 2019 to September 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/
NBS (Nigeria). "Monthly percentage change in diesel prices in Nigeria from July 2019 to September 2023." Chart. October 20, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/
NBS (Nigeria). (2023). Monthly percentage change in diesel prices in Nigeria from July 2019 to September 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/
NBS (Nigeria). "Monthly Percentage Change in Diesel Prices in Nigeria from July 2019 to September 2023." Statista, Statista Inc., 20 Oct 2023, https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/
NBS (Nigeria), Monthly percentage change in diesel prices in Nigeria from July 2019 to September 2023 Statista, https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/ (last visited July 22, 2024)
Monthly percentage change in diesel prices in Nigeria from July 2019 to September 2023 [Graph], NBS (Nigeria), October 20, 2023. [Online]. Available: https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/