Abuja – The National Bureau of Statistics (NBS) has reported a slight uptick in Nigeria’s petrol prices in February, even as diesel costs also rose month-on-month.
According to the NBS Premium Motor Spirit (Petrol) Price Watch for February, the average retail price of a litre of petrol increased from N1,034.76 in January to N1,051.47 in February, marking a 1.62% rise. On a year-on-year comparison, however, petrol prices have fallen significantly, down 15.6% from N1,245.80 recorded in February 2025.
State-level analysis showed that Yobe recorded the highest petrol price at N1,134.73 per litre, followed by Sokoto (N1,116.81) and Akwa Ibom (N1,109.44). Conversely, Lagos had the lowest average price at N966.61, with Oyo (N973.45) and Kaduna (N1,000.07) also below the national average. By zone, the North-East had the highest retail price at N1,084.41 per litre, while the South-West recorded the lowest at N1,023.89.
Meanwhile, the NBS Diesel Price Watch indicated that diesel prices rose 4.3% from N1,361.57 in January to N1,420.17 in February. Despite the month-on-month increase, diesel prices fell 5.39% compared to February 2025, when the average stood at N1,501.05 per litre.
State-level figures for diesel showed Lagos with the highest average price at N1,625.11 per litre, followed by Borno (N1,616.25) and Akwa Ibom (N1,587.19). Ogun recorded the lowest price at N1,183.31, followed by Kogi (N1,220.00) and Anambra (N1,256.76). Regional analysis revealed that the North-East led with the highest diesel cost at N1,496.49 per litre, while the North-Central zone recorded the lowest at N1,382.17.
These fluctuations highlight ongoing regional disparities in fuel pricing across the country, reflecting distribution challenges and market dynamics.
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