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ID| Fuel Type | USD / Liter | NGN / Liter | vs World Avg |
|---|---|---|---|
| ⛽ Gasoline (Petrol) | $0.880 | ₦1,188 | -42% |
| 🚛 Diesel | $1.230 | ₦1,661 | -18.9% |
| 🔵 LPG / Autogas | $0.730 | ₦986 | -19.7% |
| ⚡ Electric (kWh) | $0.038 | ₦51.32 | |
| ⚡ Electric Business (kWh) | $0.049 | ₦66.17 | |
| 🔥 Natural Gas (m³) | N/A | — | |
| 🔥 Natural Gas Business (m³) | N/A | — | |
| 💧 Kerosene | $1.100 | ₦1,486 | |
| 🌡 Heating Oil | N/A | — |
Gasoline Price in Nigeria Today
Topping up 40 litres in Nigeria means paying around ₦47,537 today. In working time on an average salary: 44 minutes a litre, 29.5 hours a tankful. LPG comes in at ₦986/L — 17.0% below gasoline.
Diesel Price in Nigeria
Diesel in Nigeria is priced at ₦1,661/L — 39.8% above the gasoline rate. Across the 28 Africa markets DailyFuels prices, diesel averages 1.2% above petrol, so the gap here is wider than the regional norm.
How Nigeria Compares Globally
Drivers in Nigeria pay ₦1,188/L per litre ($0.880), 42.0% below the global figure of $1.516. Ranked by pump price, Nigeria is 22nd lowest of 133 countries and 7th lowest of the 28 in Africa. Relative to the Africa norm that is 34.8% below. The next market down is Tunisia at 1.1% below, the next up Ethiopia at 17.6% above.
Historical Price Trend
Nigeria has seen gasoline shed 5.1% across 3 months — $0.927 then, $0.880 now. Records covering 34 weeks put the floor at $0.780 and the ceiling at $0.935, the latter on 18 May 2026. Diesel moved 6.8% in the same period, having fell. Between its 20 July low and its 18 May high the price swung 19.9%. Measured from the first reading of 2026 the pump price is 0.7% lower. Domestic power rose 2.7% across the same months and now costs ₦51.32 per kWh.
As of 2026-08-26, the retail price of gasoline in Nigeria is $0.880 per liter, and diesel costs $1.230 per liter. Nigeria’s gasoline price is 42% below the global average of $1.516 per liter. LPG/autogas is available at $0.730 per liter. Electricity for EV charging costs $0.038 per kWh.
Nigeria has domestic oil or gas production, which reduces import dependency and helps moderate retail fuel prices. Prices are also shaped by local refinery capacity, distribution infrastructure, and tax policy.
Based on an average monthly wage of $210 USD, a worker in Nigeria needs approximately 44 minutes to afford one liter of gasoline — equivalent to 368.8% of a day's pay for a standard 40-liter fill-up.
Across Africa, 28 markets are covered: Libya is lowest at $0.024, Malawi highest at $3.240, 13,400.0% apart.
Weekly updates draw on official state energy agencies alongside vetted international data sources. Local currency amounts (NGN / ₦) update automatically with live exchange rates.
| Commodity | Market Price | Raw Cost | Retail Here | Gov't Factor |
|---|---|---|---|---|
| 🛢 Brent Crude | $92.63 /bbl | $0.703 /L | $0.880 | +25.2% |
| 🛢 WTI Crude | $85.57 /bbl | $0.658 /L | $0.880 | +33.7% |
| 🔥 Natural Gas | $2.82 /MMBtu | $0.125 /m³ | no data | — |
| ⚡ Lithium ETF | $77.03 /share | indirect | $0.038 | — |
| ☢ Uranium ETF | $45.69 /share | indirect | $0.038 | — |
How global commodity swings translated to pump prices here
| Commodity | Commodity Δ30D | Retail Δ30D | Pass-Through |
|---|---|---|---|
| 🛢 Brent Crude | +10.6% | -5.3% |
-50%
|
| 🛢 WTI Crude | +6.5% | -5.3% |
-82%
|
| 🔥 Natural Gas | +1.3% | — | — |