Nigeria: The price of diesel has risen by 84% in 12 months

Rising fuel costs are impacting transportation prices of goods and services, straining household budgets and contributing to inflation. The average cost of petrol in Nigeria has increased by 25% since July 2023. Diesel prices have seen an even sharper increase of 85%, rising from a national average of ₦794 in July 2023 to ₦1,462 in June 2024.

Source:
National Bureau of Statistics
Period:
July 2023 - June 2024
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