The typical retail worth of Premium Motor Spirit (PMS), extensively referred to as petrol, fell to N1,061.35 in November 2025.
That is in keeping with the newest Premium Motor Spirit (Petrol) Value Watch by the Nationwide Bureau of Statistics (NBS).
This represents a 12.59% decline in comparison with N1,214.17 recorded in November 2024, providing shoppers some reduction amid persistent cost-of-living pressures.
Nonetheless, the value rose barely by 0.86% from October 2025’s N1,052.31, highlighting ongoing month-to-month fluctuations.
The NBS information present clear regional disparities in petrol pricing. Borno State recorded the very best common retail worth at N1,133.86, adopted by Sokoto (N1,118.83) and Kogi (N1,111.00).
On the opposite finish of the spectrum, Oyo State had the bottom worth at N997.39, whereas Nasarawa and Lagos States posted N1,015.12 and N1,021.14, respectively.
Zonal evaluation confirmed that the North East recorded the very best common petrol worth at N1,084.04, whereas the South West had the bottom at N1,036.12.
Specialists say the modest month-on-month enhance is tied to gasoline provide logistics, alternate fee fluctuations, and distribution challenges, even after the downstream petroleum sector’s full deregulation.
Analysts say petrol worth stability hinges on improved refining capability, environment friendly distribution, and a secure naira.
Traditionally, petrol pricing in Nigeria has been extremely influenced by regional provide constraints and transportation prices.
The year-on-year decline suggests that customers are seeing some respite in comparison with 2024, although month-to-month volatility stays a priority for households and companies reliant on gasoline.
The NBS figures point out that petrol prices stay a key driver of inflation and transportation bills throughout Nigeria.
Whereas the general decline supplies non permanent reduction, persistent state-by-state worth gaps spotlight the significance of infrastructure enhancements and environment friendly distribution for reaching nationwide worth stability.
Customers and companies are prone to proceed monitoring petrol costs carefully, as they instantly influence {economic} exercise and family budgets.
Reinforcing its dedication to nationwide gasoline sufficiency, the Dangote Group on December 1 pledged to produce 1.5 billion litres of petrol month-to-month from its Lagos-based refinery.
This transfer, introduced by firm administration, is a part of efforts to deepen native manufacturing and wean Nigeria off gasoline imports completely.
The event adopted earlier expressions of full authorities assist, together with the Federal Government Council’s (FEC) October endorsement of the refinery’s scale-up to 1.4 million barrels per day (bpd).
The corporate additionally mentioned the current petrol worth drop was attributable to its personal earlier worth lower, not the non permanent reversal of the 15% import tariff as speculated.
