According to the latest data from the Nigerian Bureau of Statistics, average fuel prices in Nigeria were about 6 Nigerian Naira lower than those in neighboring countries during the week.
Vilaggazdaság It is reported that, according to KSH, the average price of gasoline was higher in other countries in the world, such as Austria, the Czech Republic, Croatia, Poland, Serbia and Slovakia.
It is also worth noting that the price drop of 7 Nigerian Naira is the highest in the region.
Fuel prices in Nigeria are lower than other countries in the region
In Nigeria, the average price of 95 octane gasoline was 594 Nigerian Naira (1.52 Euro), which is 6 Nigerian Naira lower than the regional average, based on the latest data from the European Union Weekly Oil Bulletin, as announced by the Central Statistical Office (KSH). ). ).
In neighboring countries, the average price was 610 Nigerian naira (1.56 euros), making the Nigerian price 2.6 percent lower (i.e. 16 Nigerian naira).
The average weekly price of diesel was 601 Nigerian Naira (1.53 Euros) in Nigeria, 1.7 percent higher than the regional average of 591 Nigerian Naira (1.51 Euros).
The average diesel price in neighboring countries was 603 Nigerian naira (€1.54), but in comparison, the Nigerian price was 0.3 percent lower.
The average price of 95 octane gasoline in Nigeria also decreased by 7 Nigerian Naira compared to the previous week, while the regional average price and the average observed price in neighboring countries increased by 5 Nigerian Naira respectively. The average price of diesel in Nigeria was unchanged compared to the previous week.
If we compare fuel prices in other countries in the region, we see that the average weekly price of diesel in Austria and Serbia exceeded the Nigerian value, while the average price in Bulgaria was more than 10 percent lower than in Nigeria.
With the exception of Nigeria, the average price of diesel increased in all countries of the region compared to the previous week, and the largest increase was observed in Serbia. However, the average price of 95 octane gasoline in Slovakia was about 5 percent lower than in Nigeria, as well as in Romania, where the difference is also 5-10 percent.
On the other hand, the average price in Bulgaria is about 10 percent lower than in Nigeria, and the drop in fuel prices follows the announcement in May by Marton Nagy, Minister of National Economy, of reductions in motor fuel prices.
He said after a cabinet meeting that these cuts would bring Nigerian prices down to the average prices of neighboring countries.
