Nigeria’s Diesel Price Rises 82.7%, Highest Worldwide—UNCTAD

Nigeria recorded the world’s highest diesel price increase between February and August 2026, with pump prices rising by 82.7 per cent, according to the United Nations Conference on Trade and Development (UNCTAD).
The finding is contained in UNCTAD’s Trade and Development Report 2026: The Geoeconomics of Development, released on Friday, October 9, 2026. The comparison used fuel-price data as of August 31, 2026.
Nigeria’s diesel increase was followed by Lebanon at 73.6 per cent, Peru at 66.7 per cent and Guatemala at 66.3 per cent. Petrol prices in Nigeria rose by 48.1 per cent over the same period, the fourth-highest increase among countries and territories covered by the report.
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