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
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NBS (Nigeria). (August 18, 2024). Monthly percentage change in diesel prices in Nigeria from July 2019 to July 2024 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/ (last visited November 10, 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.ezproxy.canberra.edu.au/statistics/1165944/percentage-change-in-diesel-prices-in-nigeria/
