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 |
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