HomeBusinessFind out more as Diesel price rises by 86.40% in May 2026

Find out more as Diesel price rises by 86.40% in May 2026

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The NBS has revealed that the average amount Nigerians paid for diesel increased to N3,277.47 per litre in May 2026Nasarawa, Plateau, and Ebonyi recorded the highest diesel prices as businesses and consumers faced rising energy costsBy zone, the North-West recorded the highest average diesel price, while the South-West recorded the lowest in May 2026

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The National Bureau of Statistics (NBS) has revealed that the average retail price of Automotive Gas Oil (AGO), commonly known as diesel, increased by 86.40% year-on-year to N3,277.47 per litre in May 2026.

NBS: Diesel price jumps 86% as Nigerians pay N3,277 per litre in May 2026Diesel price hits N3,277/litre as manufacturers face rising expenses Photo: Bloomberg
Source: Getty Images

According to the latest diesel price watch report released by the statistics agency, the figure rose from N1,758.26 per litre recorded in May 2025.

The report also showed that diesel

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