A new report by priceandpromo indicates a significant surge in fuel prices across Nigeria, with both petrol and diesel experiencing an average price increase of 86% in 2026. As of September 22nd, the average prices of these fuels reached their highest point for the year. The report specifically focuses on Premium Motor Spirit, commonly known as petrol. This substantial rise in fuel costs poses a potential economic challenge for consumers and businesses throughout Nigeria. The data suggests a considerable impact on transportation and other sectors reliant on fuel. Further details regarding the price hikes are available via punchng.com. The report doesn't specify reasons for the increase, only detailing the observed trend.