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ID| Fuel Type | USD / Liter | NGN / Liter | vs World Avg |
|---|---|---|---|
| ⛽ Gasoline (Petrol) | $1.010 | ₦1,348 | -36.6% |
| 🚛 Diesel | $1.350 | ₦1,801 | -15.3% |
| 🔵 LPG / Autogas | $0.890 | ₦1,188 | -6.9% |
| ⚡ Electric (kWh) | $0.038 | ₦50.71 | |
| ⚡ Electric Business (kWh) | $0.049 | ₦65.39 | |
| 🔥 Natural Gas (m³) | N/A | — | |
| 🔥 Natural Gas Business (m³) | N/A | — | |
| 💧 Kerosene | $1.430 | ₦1,908 | |
| 🌡 Heating Oil | N/A | — |
Gasoline Price in Nigeria Today
Topping up 40 litres in Nigeria means paying around ₦53,910 today. In working time on an average salary: 51 minutes a litre, 33.9 hours a tankful. LPG comes in at ₦1,188/L — 11.9% below gasoline.
Diesel Price in Nigeria
Diesel in Nigeria is priced at ₦1,801/L — 33.7% above the gasoline rate. Across the 28 Africa markets DailyFuels prices, diesel averages 1.4% above petrol, so the gap here is wider than the regional norm.
How Nigeria Compares Globally
Drivers in Nigeria pay ₦1,348/L per litre ($1.010), 36.6% below the global figure of $1.593. Ranked by pump price, Nigeria is 22nd lowest of 133 countries and 6th lowest of the 28 in Africa. Relative to the Africa norm that is 28.1% below. The next market down is Tunisia at 20.2% below, the next up Ethiopia at 2.9% above.
Historical Price Trend
Over the last 3 months petrol in Nigeria climbed 25.6%, moving $0.780 to $0.980 a litre. Records covering 42 weeks put the floor at $0.780 and the ceiling at $1.020, the latter on 21 September 2026. Diesel moved 23.4% in the same period, having rose. Between its 20 July low and its 21 September high the price swung 30.8%. Measured from the first reading of 2026 the pump price is 10.6% higher. Domestic power rose 2.7% across the same months and now costs ₦50.71 per kWh.
As of 2026-10-23, the retail price of gasoline in Nigeria is $1.010 per liter, and diesel costs $1.350 per liter. Nigeria’s gasoline price is 36.6% below the global average of $1.593 per liter. LPG/autogas is available at $0.890 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 51 minutes to afford one liter of gasoline — equivalent to 423.2% of a day's pay for a standard 40-liter fill-up.
Across Africa, 28 markets are covered: Libya is lowest at $0.023, Malawi highest at $3.230, 13,943.5% 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 | $113.53 /bbl | $0.834 /L | $1.010 | +21.1% |
| 🛢 WTI Crude | $99.84 /bbl | $0.748 /L | $1.010 | +35% |
| 🔥 Natural Gas | $2.76 /MMBtu | $0.123 /m³ | no data | — |
| ⚡ Lithium ETF | $60.68 /share | indirect | $0.038 | — |
| ☢ Uranium ETF | $34.09 /share | indirect | $0.038 | — |
How global commodity swings translated to pump prices here
| Commodity | Commodity Δ30D | Retail Δ30D | Pass-Through |
|---|---|---|---|
| 🛢 Brent Crude | +9.7% | +0% |
0%
|
| 🛢 WTI Crude | +10.4% | +0% |
0%
|
| 🔥 Natural Gas | -8.8% | — | — |