Petrol price index in relation to salaries in Nigeria 2019-2023
As of 2023, the petrol price index in Nigeria in relation to salaries amounted to 172 liters per month, a significant drop of 56 percent from the preceding year. Over the observed period, the petrol price index peaked in 2020 at 539 liters per month. Since then, the index has followed a yearly decreasing trend. The petrol price index measures how much petrol can be bought in comparison to the average salary in a country in a certain year.