Recent report by the National Bureau of Statistics (NBS) has revealed that the average retail price paid by consumers for petrol rose to N1,239.33 in April 2025,
The increase indicates a 76.73% year-on-year increase compared to N701.24 recorded in April 2024.
However, on a month-on-month basis, the average price dropped by 1.77% from N1,261.65 recorded in March 2025.
On the state level, Imo State recorded the highest average retail price of PMS at N1,588.50, followed by Jigawa and Sokoto States with N1,567.84 and N1,550.00, respectively.
Yobe had the lowest average price at N970.00, with Kwara and Osun States following at N1,014.85 and N1,042.49, respectively.
The retail price of petrol currently stands at approximately N935 per litre in Abuja and N880 per litre in Lagos.
At the zonal level, the South East recorded the highest average price of N1,341.71, while the South West posted the lowest average at N1,138.64, the report noted.
A breakdown of zonal averages is as follows: 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, and South West: N1,138.64.