The National Bureau of Statistics has released its latest reports on fuel prices in Nigeria, showing a decline in the average retail price of both 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, an 11.18 percent year‑on‑year decrease from the N1,184.83 recorded in October 2024. On a monthly basis, however, the price rose by 8.42 percent from N970.59 in September 2025.
A state‑level analysis reveals that Kogi, Sokoto and Borno had 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 recorded the lowest prices at N1,001.79, N1,009.38 and N1,012.50 per litre. By zone, the North‑East posted 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 shows that the average retail price was N1,398.57 per litre, a 2.96 percent year‑on‑year decline from N1,441.28 in October 2024. Month‑on‑month, the price increased by 9.45 percent from N1,277.81 per litre recorded in September 2025. Enugu, Niger and Jigawa recorded the highest diesel prices at N1,468.29, N1,465.69 and N1,437.40 per litre, respectively, while the lowest prices were in Katsina, Edo and Kebbi at N1,301.24, N1,307.84 and N1,308.94 per litre. By zone, the South‑East had the highest diesel price at N1,415.85 per litre, and the South‑South the lowest at N1,387.18 per litre.
These reports provide insight into current fuel price trends in Nigeria, highlighting regional variations and changes over time. The findings are significant for consumers, businesses and policymakers, informing 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.
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