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 petrol, rose to N1,378 per litre by September 22, while automotive gas oil, commonly known as diesel, increased to N1,899/litre.

It puts the increase in the price of petrol at 80.8 per cent from the January 13 base, while diesel recorded a 91.8 per cent rise over the same period. The average increase of the two products is 86.3 per cent, which rounds to 86 per cent.

The report stated, “The latest priceandpromo fuel price trend shows renewed upward movement following the relative stability observed between April and July.

“Petrol rose to an average of N1,378 per litre by 22 September, while diesel increased to an average N1,899 per litre, the highest average price levels recorded for both products in the displayed 2026 series.”