Gasoline Prices in Nigeria decreased to 0.47 USD/Liter in January from 0.48 USD/Liter in December of 2018. Gasoline Prices in Nigeria averaged 0.43 USD/Liter from 1991 until 2019, reaching an all time high of 0.73 USD/Liter in May of 2016 and a record low of 0.02 USD/Liter in December of 1992.
Gasoline Prices in Nigeria is expected to be 0.40 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gasoline Prices in Nigeria to stand at 0.37 in 12 months time. In the long-term, the Nigeria Gasoline Prices is projected to trend around 0.35 USD/Liter in 2020, according to our econometric models.