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Fuel Prices in Nigeria

Petrol & diesel per litre in Nigerian Naira (NGN) · Published Oct 6, 2026

Fuel typeNGN / litreUSD / litre (official rate)
Petrol (gasoline)1,321$0.993
Diesel1,800$1.353

Exchange rates used: official 1,330 NGN/USD · parallel 1,354 NGN/USD. See today's NGN rate →

Petrol and diesel prices in Nigeria (NGN)

The petrol (gasoline) price in Nigeria is 1,321 NGN per litre, and diesel costs 1,800 NGN per litre, as published on October 6, 2026. These are official retail pump prices, not model estimates.

At the official exchange rate of 1,330 NGN per US dollar, a litre of petrol in Nigeria is worth about $0.993 and a litre of diesel about $1.353.

How fuel prices are set in Nigeria

Most countries in ETCurrency's coverage — Nigeria included — import refined petrol and diesel or the crude they are made from, and pay for it in US dollars. The retail price you see at the pump is therefore three things stacked together: the international product price, the exchange rate used to bring it into Nigerian Naira, and domestic taxes, levies, distribution margins and (often) subsidies.

Because the dollar cost is converted at the official exchange rate rather than the parallel one, fuel in countries with a large parallel premium looks cheap in dollar terms when you convert at the street rate. That is why the same litre can be quoted at two very different USD equivalents above.

Petrol vs diesel vs kerosene

In Nigeria, diesel is currently more expensive than petrol (1,800 vs 1,321 NGN per litre). Diesel is the fuel of transport, agriculture and generators, so governments frequently cap or subsidise it more heavily than petrol; petrol is taxed as a consumer good. Kerosene, where sold, is a household cooking and lighting fuel and is often the most heavily subsidised of all.

Only petrol and diesel are published for Nigeria; kerosene and aviation fuel are not shown rather than estimated.

How to read this price

Fuel prices in Nigeria change less often than exchange rates: regulated markets revise them monthly or quarterly, liberalised ones weekly. The date on this page is the date the price was published, so a figure that is a few weeks old is normal and is usually still the price at the pump.

Pump prices vary by region and station, and informal-market fuel is priced separately from official stations. Treat the figure here as the reference retail price for Nigeria, and use the exchange-rate pages to understand what it means in dollars.

Frequently asked questions

What is the petrol price in Nigeria today?

Petrol in Nigeria costs 1,321 NGN per litre and diesel 1,800 NGN per litre (published October 6, 2026).

How much is a litre of petrol in Nigeria in US dollars?

About $0.993 per litre at the official exchange rate of 1,330 NGN/USD. At the parallel-market rate the dollar equivalent is lower because the same NGN price buys fewer dollars.

Why is fuel in Nigeria cheap or expensive compared with other countries?

Because the dollar cost of fuel is similar everywhere, the differences come from taxes, subsidies and the exchange rate used. Oil-exporting and subsidising countries sit at the bottom of the ranking; heavily taxed importers at the top.

How often do fuel prices change in Nigeria?

Regulated markets revise prices monthly or when crude and the exchange rate move sharply; liberalised markets adjust weekly. ETCurrency refreshes published prices weekly and marks each price with its publication date.

Disclaimer: fuel prices for Nigeria are reference retail figures for informational purposes. Prices vary by region, supplier and consumption tier; confirm with local stations or your utility bill before relying on them.