This post was originally published on this site.
A new MEMAN report showed petrol prices climbed from N1,035 per litre in January to a peak of N1,596 in May 2026Daily petrol demand dropped sharply from about 60 million litres in January to as low as 46 million litres in May as pump prices roseDiesel and cooking gas users also cut consumption significantly as prices hit record highs across the first half of 2026
Rising fuel prices pushed Nigerian households and businesses to sharply reduce how much petrol, diesel and cooking gas they consumed during the first six months of 2026, according to a new industry report.
The H1 2026 Downstream Industry Analysis Report, published by the Major Energy Marketers Association of Nigeria (MEMAN), tracked price and demand movements for Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Liquefied Petroleum Gas (LPG) between January and June.
Rising pump prices forced consumers to rethink fuel use Photo: AFPSource: Getty Images
Petrol Demand Falls
