Petrol price index in relation to salaries in Nigeria 2019-2023

Petrol price index in relation to salaries in Nigeria from 2019 to 2023

Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

July 2023

Region

Nigeria

Survey time period

2019 to 2023

Supplementary notes

The source reports that: "Petrol Index is an annual ranking of the relation between petrol prices and salaries conducted by Picodi.com since 2019."
According to the source the methodology is: "In this study, the source used the latest average wage data published by national statistics offices or relevant ministries. In countries where such data is not published, we used statistics from Numbeo. The average petrol prices in 104 countries in the first half of 2023 were taken from GlobalPetrolPrices.com and other local sources. The difference between prices in June and January was calculated in local currencies. In order to calculate the “Petrol Index”, we divided the average net wage (obtained through local wage calculators) by an average price of a litre of petrol in June. For currency conversion, we used the average exchange rate data from Google Finance for June 2023."

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
  • Free Statistics
  • Premium Statistics
  • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Statistics on " Prices and inflation in Nigeria "

Other statistics that may interest you Prices and inflation in Nigeria

Inflation

3

Consumer Price Index (CPI)

3

Food prices

8

Energy prices

6

Transportation prices

4
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
  • Free Statistics
  • Premium Statistics
  • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Learn more about how Statista can support your business.