In the last one year, petrol prices in Nigeria fluctuated, reaching the maximum average price (₦1,262) in March 2025, before dropping gradually

  • Petrol prices in Nigeria rose by 52% between August 2024 (₦830.5) and March 2025 (₦1,261.7).
  • The highest monthly increase was in September 2024 (+24.1%), while the sharpest drop came in April 2025 (-17.1%).
  • By July 2025, prices had eased to ₦1,025, still 23% higher than a year earlier.
  • NNPC retail outlets offered significantly lower prices than the national average, with Abuja as low as ₦880 at the March 2025 peak.
  • Dangote Refinery offered relatively competitive pricing, ranging from ₦840 to ₦899, creating an alternative supply option.

Nigeria’s petrol prices have experienced sharp fluctuations over the past year. The average national petrol price climbed from ₦830.5 in August 2024 to a peak of ₦1,261.7 in March 2025, before dropping back to around ₦1,025 in July 2025. This volatility highlights the ongoing instability in Nigeria’s fuel market, influenced by policy changes, global oil trends, and domestic supply factors.

A closer look also reveals differences across regions and suppliers. While the national average peaked at ₦1,261.7 in March 2025, NNPC prices were much lower, with Abuja recording as low as ₦880 and Lagos at ₦860. Dangote Refinery's prices also varied, ranging from ₦899 in December 2024 to ₦840 by July 2025.

Source:

National Bureau of Statistics

Period:

August 2024-July 2025
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