Fuel prices in Nigeria remained sharply elevated in May, with diesel recording the steepest annual increase among the country's three major energy products.
The price of diesel surged 86% compared to the same period last year, while petrol climbed 55% and kerosene rose 37%, according to data reported by multiple wire services.
The persistent inflation in energy costs highlights the ongoing structural challenges facing Nigeria's fuel supply chain.
Despite global oil markets showing signs of stabilization, domestic pricing mechanisms and subsidy reforms continue to transmit international price volatility directly to consumers.
The disparity between the sharp rise in diesel costs and the more moderate increases in petrol and kerosene suggests specific bottlenecks in the distribution of industrial and transport fuels.
These domestic pressures align with broader macroeconomic headwinds in the West African nation.