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Nigeria fuel prices

News (Headlines) 4 hrs ago
  • Vicky

    ⛽ Petrol (Premium Motor Spirit – PMS)

     

    National average: Approximately ₦832–₦998 per liter depending on source .

     

    Dangote/NNPC stations:

     

    Range: ₦865–₦925, with regional variation:

     

    Lagos: ₦865–₦875

     

    South‑West: ₦875–₦885

     

    North‑Central/North‑West: ₦885–₦895

     

    South‑East/South‑South: ₦895–₦905 .

     

    Recent changes:Nigeria2025AbujaMRS Oil hiked to ₦925/L in Lagos  .

     

    NNPC dropped its Lagos/Abuja price to ₦865/L, Abuja to ₦910/L on July 16, 2025 

     

     

     

    💵 In USD te

     

    Petrol costs about $0.60 per liter (≈ ₦0.60/L when averaged across Nigeria) 

     

     

     

     

    🛢 Diese

     

    GlobalPetrolPrices reports diesel at ₦1,018.75/L 

     

    In Abuja, Deroll Synergy charges ₦1,140/L, while nationwide averages hover around ₦1,230/L 

     

     

    LagosDangote Refinery2023🔥 LPG (Cooking Gas) – Depot Pri

     

    Typically sold in bulk (20‑tonne tankers) at depot levels for ₦14–18 million per load 

     

    Retail pricing varies based on distributor, location, and bottle size—no uniform per‑kg price available publicl

     

     

     

     

    📊 Why Prices Are Changin

     

    Global oil prices have been moderate (~$68/barrel), slightly lower than govt’s reference of $75/barrel 

     

    Subsidy removal by President Tinubu (starting in 2023 and fully implemented in 2024) means fuel prices are now fully market-determined 

     

    Domestic refining is improving: Dangote Refinery (operational since May 2023) and resumed output from Warri arehelping tamp down pump prices 

     

    Regional competition between NNPC and Dangote marketing arms is pushing prices slightly lower in some states 

     

     

     

     

    📌 Quick Snapsho

     

    Fuel Type Price per Liter Not

     

    Petrol ₦865–₦925 Varies by region & outl

    Diesel ₦1,140–₦1,230 Higher volatility, region-dependen

    LPG (depots) ₦14–18 million (20 MT) Bulk pricing, retail varie

     

     

     

     

    💡 What This Means for Yo

     

    1. Transportation costs: Petrol price fluctuations directly affect fuel bills and fares.fare

     

     

    2. Generator costs: Diesel still remains expensive, making generator usage cost

     

     

    3. Cooking costs: LPG depot prices hint at rising retail costs—important for planning household budge

     

     

     

     

     

    If you're looking for live tracking or trends in fuel costs, local apps like NNPC PriceWatch, GVIP Tracker, or Nigerian fuel pricing forums may hel

     

    Want updates on how fuel prices affect inflation, transportation tariffs, or household budgets? I can dive deeper or monitor regional differences for yo

     

     

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    --- .rms: .₦1,230/L .

     

     

     

     

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