Global Fuel Intelligence
Today's Diesel Price in Nigeria
Live retail fuel rate in Nigeria, updated according to international crude oil benchmarks, local currency exchange rates, and national excise taxes.
USD 1.359
Per Litre • Recorded on 28th September 2026
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Nigeria Diesel Price Trend (Last 15 Records)
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Fuel Unit & Volume Converter
Gallon ↔ Litre3.785 L
1 US Liquid Gallon
4.546 L
1 Imperial (UK) Gallon
159 Litres
1 Barrel of Crude Oil (42 Gal)
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Global Crude Oil Benchmarks & Economics
Every vehicle owner across the world pays a pump price determined by international commodity pricing, refining complexity, freight shipping, and local fiscal policy.
| Benchmark | Origin / Region | Sulfur & Gravity | Significance |
|---|---|---|---|
| Brent Crude | North Sea (Europe) | Light & Sweet (API ~38°, Sulfur ~0.37%) | Global pricing benchmark for over 60% of international oil contracts. |
| West Texas Intermediate (WTI) | Cushing, Oklahoma (USA) | Very Light & Sweet (API ~39.6°, Sulfur ~0.24%) | Main benchmark for North American gasoline and diesel pricing. |
| Dubai / Oman Crude | Middle East / Persian Gulf | Medium & Sour (API ~31°, Sulfur ~2.0%) | Key reference price for oil exports to Asian refining markets (India, China, Japan). |
Frequently Asked Questions (FAQs)
Why are fuel prices in Europe so much higher than in the United States or Middle East?
Although European refineries buy crude oil at the same international prices as US or Middle Eastern refineries, European nations impose heavy excise taxes, carbon fees, and standard VAT (often exceeding 50% to 60% of the pump price) to fund public transit and promote green decarbonization.
What is the difference between Gasoline, Petrol, and Gas?
'Petrol' (used in the UK, India, Australia, and South Africa) and 'Gasoline' or 'Gas' (used in the USA and Canada) refer to the exact same refined petroleum fuel used in spark-ignition internal combustion engines. 'Auto Gas' or 'LPG' refers to liquefied petroleum gas (propane/butane).
How does a shift in Brent Crude oil price affect consumer fuel rates?
A $10 change in Brent crude price per barrel typically translates to a ~₹4 to ₹6 per litre (or ~$0.25/gallon) adjustment at the retail pump after accounting for refinery margins and transport lag.