Petrol (Fuel) is one of the most essential commodities in Nigeria, as it powers various aspects of the economy and daily life.
However, the price of petrol has been fluctuating over the years, due to various factors such as global oil prices, exchange rates, subsidy policies, and supply and demand.
In this article, we will look at the current price of petrol in Nigeria, the factors that affect it, and some frequently asked questions about it.
Current Price of Petrol in Nigeria
According to the Nigerian National Petroleum Company Limited (NNPCL), the official pump price of petrol (PMS) in Nigeria is ₦557 per litre. This was after the removal of subsidy on the commodity by the government, which led to a significant increase in the price from N195 per litre.
However, due to logistics and other factors that vary by location, the actual price of petrol may differ across the country.
According to a Survey by Okay.ng, a website that tracks the prices of various goods and services in Nigeria, the commodity presently goes for prices ranging from N600 to N700 per litre across the country. The over-the-country average price of petrol is presently N630 per litre.
The table below shows the prices of petrol in all 36 states and FCT in Nigeria as of April 4, 2024.
Certainly! Here’s the information in a table format:
State Petrol Pump Price (₦)
Lagos ₦488
Ogun ₦500
Oyo ₦500
Osun ₦500
Ondo ₦500
Ekiti ₦500
Kwara ₦515
Abia. ₦515
Imo ₦515
Akwa Ibom ₦515
Bayelsa ₦515
Rivers ₦511
Cross River ₦511
Edo ₦511
Delta ₦511
Ebonyi ₦520
Anambra ₦520
Enugu ₦520
Abuja ₦537
Plateau ₦537
Nasarawa ₦537
Kogi ₦537
Benue ₦537
Niger ₦537
Sokoto ₦540
Katsina ₦540
Kaduna ₦540
Kano ₦540
Jigawa ₦540
Zamfara ₦540
Kebbi ₦545
Adamawa ₦550
Bauchi ₦550
Taraba ₦550
Gombe ₦550
Borno ₦557
Yobe ₦557
Please take note, that these prices are subject to changes in different stations across the country.