The National Bureau of Statistics has released its latest reports on fuel prices in Nigeria, revealing a decrease in the average retail price of petrol and diesel. According to the Petrol Price Watch for October 2025, the average price of a litre of petrol fell to N1,052.31, representing an 11.18 per cent year-on-year decrease from the N1,184.83 recorded in October 2024.
On a monthly basis, the average retail price increased by 8.42 per cent from N970.59 in September 2025. A state-level analysis shows that Kogi, Sokoto, and Borno recorded the highest average retail prices at N1,110.00, N1,105.93, and N1,101.63 per litre, respectively. In contrast, Oyo, Nasarawa, and Abia had the lowest prices at N1,001.79, N1,009.38, and N1,012.50 per litre.
By zone, the North-East recorded the highest average retail price at N1,072.74, while the South-West Zone had the lowest at N1,032.81 per litre. The Diesel Price Watch report for October 2025 also showed that the average retail price was N1,398.57 per litre, representing a 2.96 per cent year-on-year decrease from N1,441.28 per litre in October 2024. On a month-on-month basis, the price increased by 9.45 per cent from N1,277.81 per litre recorded in September 2025.
Enugu, Niger, and Jigawa recorded the highest diesel prices per litre at N1,468.29, N1,465.69, and N1,437.40, respectively. The lowest prices were recorded in Katsina, Edo, and Kebbi at N1,301.24, N1,307.84, and N1,308.94 per litre. By zone, the South-East recorded the highest diesel price at N1,415.85 per litre, while the South-South had the lowest at N1,387.18 per litre.
The reports provide insight into the current fuel price trends in Nigeria, highlighting regional variations and changes over time. These findings are significant for consumers, businesses, and policymakers, as they can inform decisions on energy costs, transportation, and economic development. As the Nigerian economy continues to evolve, monitoring fuel prices will remain crucial for understanding the country’s energy landscape and making informed decisions.