Nigeria has been listed as the 22nd country with the most affordable fuel prices globally in a recent report comparing the costs of Premium Motor Spirit worldwide.

According to the report dated January 1, 2024, titled “Gasoline Prices, Octane-95,” the average worldwide petrol price is $1.29 per litre.

Nigeria’s average petrol price stands at $0.722 (N660.25kobo), as of January 8 2024. It also disclosed that “As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices.”

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