Why Nigerian Fuel Is the World’s Least Affordable: A 1.7% Wage Hit per Litre
Fuel prices in Nigeria now consume 1.71% of a worker’s minimum monthly wage for just one litre. This is by far the highest global share and over 22 times the relative cost paid by earners in Texas or Scotland. Filling a standard 50-litre tank here demands 85.7% of the monthly salary. In contrast, workers in Texas or Scotland spend under 4% of their income for the same fill-up, while residents of war-torn Kyiv still allocate just 43%. Even with ex-gantry rates from the Dangote refinery at ₦1,075, retail pump prices hover around ₦1,200. Such high fuel costs leave Nigerian households with almost nothing for housing, food, or other essentials.
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