The common retail value paid by shoppers for Premium Motor Spirit (Petrol) for July 2025 was N1024.99, a lower of 1.22% from N1,037.66 in June 2025.
On a year-on-year foundation, this means a 33.02% improve in comparison with the worth recorded in July 2024, which was at N770.54.
This info is contained within the July 2025 “Premium Motor Spirit (Petrol) Worth Watch” launched by the Nationwide Bureau of Statistics (NBS) on Thursday.
The information exhibits that Jigawa state had the very best common retail value for Premium Motor Spirit (Petrol), at N1107.52.
Based on the NBS, Lagos and Sokoto states had been subsequent, with N1100.29 and N1100.00, respectively. Conversely, Zamfara, Yobe, and Kogi States had the bottom common retail costs for Premium Motor Spirit (Petrol), at N884.63, N950.60, and N986.67, respectively.
Based on NBS, the North-West zone had the very best common retail value of N1035.85, whereas the North East Zone had the bottom value of N1017.65.
Based on the NBS, the report demonstrates the continued volatility in gas costs throughout the nation, regardless of current efforts to stabilise the downstream petroleum sector.
The common value of petrol rose to N1,037.66 in June 2025, marking a 38.32% year-on-year improve from N750.17 recorded in June 2024.
On a month-on-month foundation, the value rose by 0.96% from N1,027.76 in Could 2025.
NBS stories that Nigeria’s headline inflation charge slowed barely to 21.88% in July 2025, marking a modest retreat from the earlier month’s determine of twenty-two.22%.
The information exhibits that, on a year-on-year foundation, the headline inflation charge was 11.52% decrease than the speed recorded in July 2024, which was at 33.40%.
On a month-on-month foundation, the headline inflation charge in July 2025 was 1.99%, which was 0.31% increased than the speed recorded in June 2025, which was 1.68%.
Based on the NBS, because of this in July 2025, the speed of improve within the common value stage was increased than the speed of improve within the common value stage in June 2025.
The proportion change within the common CPI for the twelve months ending July 2025 over the common for the earlier twelve-month interval was 25.65%, exhibiting a 5.11% lower in comparison with 30.76% recorded in July 2024.
In its July 2025 PMI report, CBN acknowledged that promoting costs rose at a slower charge, with output value inflation easing for the third month in a row to its lowest stage since Could 2023.
