New official data has confirmed a significant year-on-year reduction in the cost of Premium Motor Spirit (PMS), commonly known as petrol, across Nigeria. The National Bureau of Statistics (NBS) reported that the average retail price paid by consumers in November 2025 stood at N1,061.35.
Significant Year-on-Year Price Decline
This November 2025 figure represents a substantial 12.59% decrease compared to the average of N1,214.17 recorded in November 2024. However, the NBS data also indicates a slight month-on-month increase of 0.86% from the October 2025 average of N1,052.31. The findings are detailed in the NBS's latest PMS Price Watch Report for November 2025.
States With the Lowest and Highest Petrol Prices
A state-by-state analysis reveals a wide disparity in fuel costs. Borno State recorded the highest average retail price at N1,133.86, followed by Sokoto (N1,118.83) and Kogi (N1,111.00).
Conversely, Oyo State emerged as the state with the most affordable petrol, with an average price of N997.39. It was closely followed by Nasarawa (N1,015.12) and the commercial nerve center, Lagos (N1,021.14).
Top 10 States With Lowest Petrol Prices (November 2025)
- Oyo: N997.39
- Nasarawa: N1,015.12
- Lagos: N1,021.14
- Ondo: N1,025.04
- Delta: N1,035.42
- Enugu: N1,037.68
- Edo: N1,041.23
- Kebbi: N1,043.76
- Cross River: N1,047.44
- Kaduna: N1,050.96
Top 10 States With Highest Petrol Prices (November 2025)
- Borno: N1,133.86
- Sokoto: N1,118.83
- Kogi: N1,110.00
- Imo: N1,087.13
- Yobe: N1,085.37
- Bauchi: N1,082.60
- Benue: N1,080.92
- Taraba: N1,079.18
- Bayelsa: N1,073.91
- Jigawa: N1,070.58
Zonal Price Analysis and Recent Market Moves
On a zonal basis, the North East geopolitical zone recorded the highest average petrol price at N1,084.04. The South West zone posted the lowest zonal average at N1,036.12.
This overall easing of prices follows recent strategic reductions by major market players. The Nigerian National Petroleum Company (NNPC) Limited reduced its pump prices in major cities, a move that came after an adjustment from the Dangote Petroleum Refinery. In Lagos, NNPC's price dropped from N890 to N820 per litre, while in Abuja, it fell from N920 to N835. Notably, MRS, a partner filling station of the Dangote refinery, slashed its price to N739 per litre.
