In July 2024, the price of diesel in Nigeria dropped by 5.71 percent, compared to the previous month. 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.
Monthly percentage change in diesel prices in Nigeria from July 2019 to July 2024
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."
Figure for August 2021 was not provided by the source. Data were taken from several source publications.
Currency conversion rate as of September 03, 2024 at 1 NGN = 0.00063 USD.Â
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
NBS (Nigeria). (August 18, 2024). Monthly percentage change in diesel prices in Nigeria from July 2019 to July 2024 [Graph]. In Statista. Retrieved December 19, 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 July 2024." Chart. August 18, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/
NBS (Nigeria). (2024). Monthly percentage change in diesel prices in Nigeria from July 2019 to July 2024. Statista. Statista Inc.. Accessed: December 19, 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 July 2024." Statista, Statista Inc., 18 Aug 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 July 2024 Statista, https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/ (last visited December 19, 2024)
Monthly percentage change in diesel prices in Nigeria from July 2019 to July 2024 [Graph], NBS (Nigeria), August 18, 2024. [Online]. Available: https://www.statista.com/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/