Petrol, diesel prices rise 86% in eight months – Report
The average prices of petrol and diesel have risen by 86 per cent in 2026, with the two products reaching their highest average price levels for the year by September 22, according to the latest fuel price trend report by priceandpromo. The report stated that the average price of Premium Motor Spirit, popularly known as Read More:…
Petrol and diesel prices in Nigeria have surged by 86% over the past eight months, reaching their highest average price levels this year by September 22, according to the fuel price trend report by priceandpromo. Premium Motor Spirit, commonly known as petrol, rose to N1,378 per litre, while automotive gas oil, or diesel, increased to N1,899 per litre.
This represents an 80.8% rise in petrol prices and a 91.8% increase in diesel prices, compared to the January 13 base. The average increase for both products stands at 86.3%, which rounds to 86%. The report noted that fuel prices had remained relatively stable between April and July before rising again in August and September. Heightened volatility in the international energy market is attributed to the recent increase, with the domestic market exposed to global energy cost shifts.
The report suggests that the renewed increase in fuel prices could have significant implications for transportation, logistics, and the cost of distributing goods.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
