Consumers in Nigeria paid an average of ₦1,061 per litre for petrol in November 2025, according to the National Bureau of Statistics (NBS). This price reflects a 12.59 % decline from the ₦1,214.17 recorded in November 2024, but it is 0.86 % higher than the ₦1,052.31 average in October 2025, indicating ongoing month‑to‑month fluctuations.
The NBS’s Premium Motor Spirit (Petrol) Price Watch report also revealed notable regional disparities. Borno State recorded the highest average retail price at ₦1,133.86, followed by Sokoto and Kogi States. In contrast, Oyo State had the lowest price at ₦997.39, while Nasarawa and Lagos States posted averages of ₦1,015.12 and ₦1,021.14, respectively. A zonal analysis showed the North‑East region with the highest average price at ₦1,084.04, whereas the South‑West recorded the lowest at ₦1,036.12. These differences underscore the need for continued monitoring of petrol prices across the country.
In related news, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported that petrol supply rose to 71.5 million litres per day in November 2025, up from 46 million litres per day in October. National consumption also increased sharply, reaching 52.1 million litres per day in November—a 44.5 % jump from October’s 28.9 million litres. Domestic refineries contributed 17.1 million litres per day during the period, while the average daily consumption of PMS for the month was 52.9 million litres per day.
The simultaneous rise in supply and consumption represents a positive development for Nigeria’s energy sector. Together, the NBS and NMDPRA reports provide a clear picture of the current state of the petrol market, highlighting the ongoing need to stabilise prices and boost supply. As the country’s energy landscape continues to evolve, close monitoring of these trends and timely policy adjustments will be essential to ensure a stable and efficient market.
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