Will diesel's reported Nigerian depot price exceed ₦1,900 per litre before September 20, 2026?

Outcome: YES

How this forecast is settled

Will Nigerian diesel depot prices rise above ₦1,900/L before September 20?

Resolution

Yes, the reported Nigerian diesel (Automotive Gas Oil) depot price did exceed ₦1,900 per litre before September 20, 2026. Leading up to mid-September, a surge in global crude prices and rising landing costs forced major depot operators including Ranoil Delta, NIPCO Warri, and Prudent Oghara—to once again increase their wholesale diesel rates to around ₦1,900 per litre and higher. During this same period, ex-depot prices in Lagos were recorded spanning from ₦1,790 up to ₦2,100 per litre.

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