Octane is a hydrocarbon liquid which is used as a reference standard to describe the tendency of Gasoline, Petrol, or Benzin fuels to self ignite during compression prior to the desired position of the piston in the cylinder as appropriate for valve and ignition timing. The problem of premature ignition is referred to as pre-ignition and also as engine knock, which is a sound that is made when the fuel ignites too early in the compression stroke.
Severe knock causes severe engine damage, such as broken connecting rods, melted pistons, melted or broken valves and other components. The Octane rating is a measure of how likely a gasoline or liquid petroleum fuel is to self ignite. The higher the number, the less likely an engine is to pre-ignite and suffer damage.
Looks like you should have been paying the extra 10 cents and you'd still have an engine in your Nissan.