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Macroeconomy
Consumer Goods
OIL AND GAS
Rising fuel prices slash petrol, diesel, cooking gas demand
The Punch
Aug 5, 2026 · 02:06 WAT
Higher fuel prices in Nigeria during the first half of 2026 reportedly reduced consumer demand for petrol, diesel and cooking gas. The change in consumption reflects pressure on household purchasing power and is relevant to monitoring demand conditions across Nigeria’s listed oil and gas and consumer goods sectors.