The average retail price for Premium Motor Spirit (PMS), commonly referred to as petrol, climbed significantly to N1,239.33 per litre in April 2025.
This marks a sharp 76.73% increase compared to N701.24 recorded in the same period last year, according to the latest report by the National Bureau of Statistics (NBS).
Despite the annual spike, the month-on-month data offers a slight reprieve. Prices dipped by 1.77% from N1,261.65 in March 2025, suggesting a modest ease in consumer pressure.
These figures are detailed in the NBS’s newly released “Premium Motor Spirit (Petrol) Price Watch” for April 2025, as the inflation rate for April reduces to 23.7 per cent
Regional disparities in petrol pricing
A closer look at state-level data reveals stark contrasts in petrol costs across Nigeria. Imo State recorded the highest average retail price at N1,588.50 per litre. Jigawa and Sokoto followed closely with N1,567.84 and N1,550.00, respectively.
Conversely, Yobe State posted the lowest average at N970.00, with Kwara (N1,014.85) and Osun (N1,042.49) also recording relatively lower prices.
South East emerged with the highest average petrol price at N1,341.71 per litre. The South West recorded the lowest zonal average at N1,138.64.
- South East: N1,341.71
- North West: N1,325.90
- North Central: N1,242.94
- South South: N1,222.54
- North East: N1,166.27
- South West: N1,138.64
