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| NBS Nigeria Petrol Price April |
Discover the NBS Nigeria petrol price for April 2025, state-by-state trends, regional differences, and what rising fuel costs mean.
The National Bureau of Statistics (NBS) released its Premium Motor Spirit (PMS) Price Watch report for April 2025, providing a detailed picture of petrol prices across Nigeria. For millions of Nigerians, businesses, transport operators, and policymakers, the report offers valuable insight into the cost of fuel and its broader impact on the economy.
If you are searching for information about the NBS Nigeria petrol price April report, the key finding is straightforward: the average retail price of petrol stood at ₦1,239.33 per litre in April 2025. While this represented a significant increase compared to the same period in 2024, it also reflected a slight month-on-month decline from March 2025.
This article explains the latest NBS data, highlights state-by-state differences, examines the factors driving fuel prices, and discusses what the figures mean for consumers and businesses.
Overview of the NBS April 2025 Petrol Price Report
According to the National Bureau of Statistics, the average retail price paid by consumers for Premium Motor Spirit (PMS), commonly known as petrol, increased to ₦1,239.33 per litre in April 2025. This represented a 76.73% increase compared to the average price of ₦701.24 recorded in April 2024.
However, there was a small relief for consumers on a monthly basis. The average price declined by 1.77% compared to ₦1,261.65 recorded in March 2025.
Key Highlights
| Indicator | Value |
|---|---|
| Average Petrol Price (April 2025) | ₦1,239.33/Litre |
| Average Petrol Price (March 2025) | ₦1,261.65/Litre |
| Year-on-Year Change | +76.73% |
| Month-on-Month Change | -1.77% |
These figures demonstrate that while fuel prices remained elevated compared to previous years, some stabilization occurred during April.
Why Petrol Prices Remain High in Nigeria
Several factors have influenced petrol prices since the removal of fuel subsidies and the deregulation of the downstream petroleum sector.
Exchange Rate Fluctuations
Nigeria continues to rely on imported petroleum products and crude-related transactions linked to foreign exchange markets. Changes in the naira-dollar exchange rate directly affect fuel landing costs.
Crude Oil Market Dynamics
Global crude oil prices significantly influence domestic fuel prices. When international oil prices increase, importation costs often rise as well.
Transportation and Distribution Costs
The cost of transporting fuel from depots to filling stations varies across regions. States located farther from major supply routes frequently experience higher pump prices.
Market Liberalization
Since the deregulation of the sector, petrol prices have increasingly reflected market conditions rather than government-controlled pricing mechanisms.
States With the Highest Petrol Prices in April 2025
The NBS report revealed considerable differences in petrol prices across states.
The states with the highest average retail prices were:
- Imo – ₦1,588.50 per litre
- Jigawa – ₦1,567.84 per litre
- Sokoto – ₦1,550.00 per litre
These figures highlight the uneven distribution of fuel costs across Nigeria. Factors such as logistics challenges, transportation expenses, and supply chain constraints contribute to these regional differences.
States With the Lowest Petrol Prices
On the opposite end of the spectrum, some states recorded significantly lower average prices.
The states with the lowest petrol prices included:
- Yobe – ₦970.00 per litre
- Kwara – ₦1,014.85 per litre
- Osun – ₦1,042.49 per litre
The difference between the highest and lowest states exceeded ₦600 per litre, demonstrating the wide variation in fuel pricing nationwide.
Regional Analysis of Petrol Prices
The NBS also analyzed prices across Nigeria's six geopolitical zones.
Highest-Priced Region
The South East recorded the highest average petrol price at ₦1,341.71 per litre.
Lowest-Priced Region
The South West recorded the lowest zonal average at ₦1,138.64 per litre.
Zonal Breakdown
| Region | Average Price |
|---|---|
| South East | ₦1,341.71 |
| North West | ₦1,325.90 |
| North Central | ₦1,242.94 |
| South South | ₦1,222.54 |
| North East | ₦1,166.27 |
| South West | ₦1,138.64 |
These regional differences reflect supply chain efficiency, proximity to fuel depots, and transportation infrastructure.
Impact on Nigerian Households
Petrol prices influence nearly every aspect of daily life.
Higher Transportation Costs
Transport fares often increase when fuel prices rise. This affects workers, students, traders, and commuters.
Rising Cost of Goods
Businesses pass higher transportation and operating expenses to consumers. As a result, food prices and consumer goods frequently become more expensive.
Increased Energy Expenses
Many households and small businesses depend on petrol-powered generators because of electricity supply challenges. Higher fuel costs translate directly into higher energy expenses.
Pressure on Disposable Income
When households spend more on transportation and fuel, less income remains available for savings, education, healthcare, and other essential needs.
Impact on Businesses
Businesses face similar challenges.
Logistics Costs
Companies transporting goods across Nigeria must account for higher fuel expenses.
Production Costs
Manufacturing firms often rely on generators for power, making fuel a significant operational expense.
Profit Margins
Small and medium-sized enterprises may experience shrinking profit margins if they cannot fully transfer increased costs to customers.
Inflationary Effects
Fuel remains a critical input across multiple sectors, meaning petrol price increases can contribute to broader inflationary pressures.
How Petrol Prices Compare With Previous Years
The April 2025 average of ₦1,239.33 per litre highlights how dramatically Nigeria's fuel market has changed.
In April 2024, the average price stood at ₦701.24 per litre. The difference of over ₦500 per litre reflects ongoing adjustments following fuel subsidy reforms and market-driven pricing.
The year-on-year increase of 76.73% ranks among the most significant fuel price increases recorded in recent years.
What the Slight Monthly Decline Means
Although prices remained high, the 1.77% decline from March to April offered a modest sign of stabilization.
Several factors may have contributed:
- Improved fuel supply availability
- Relative exchange-rate stability
- Market competition among suppliers
- Changes in global oil prices
While one month's decline does not establish a long-term trend, it suggests that extreme volatility may be easing.
What to Watch in Future NBS Reports
Consumers and businesses should monitor several indicators in upcoming reports:
Exchange Rate Movements
Foreign exchange remains one of the strongest determinants of fuel prices.
Refinery Output
Increased domestic refining capacity could help reduce import dependence and improve fuel supply efficiency.
Global Crude Oil Prices
International energy markets continue to influence domestic pricing trends.
Government Policy
Fiscal and energy-sector policies can significantly affect pricing dynamics and market behavior.
Where to Access Official NBS Petrol Price Data
For verified statistics and official reports, readers should consult:
These sources provide the most reliable and up-to-date information on fuel prices and petroleum-sector developments.
Frequently Asked Questions
What was the average petrol price in Nigeria in April 2025?
According to the NBS, the average retail price of petrol was ₦1,239.33 per litre in April 2025.
Which state recorded the highest petrol price?
Imo State recorded the highest average retail price at ₦1,588.50 per litre.
Which state recorded the lowest petrol price?
Yobe State recorded the lowest average retail price at ₦970.00 per litre.
Did petrol prices increase or decrease in April 2025?
Prices decreased slightly by 1.77% compared to March 2025, although they remained significantly higher than in April 2024.
Conclusion
The NBS Nigeria petrol price April 2025 report provides a clear picture of the country's evolving fuel market. With an average retail price of ₦1,239.33 per litre, petrol remained expensive for households and businesses despite a modest monthly decline. Significant differences between states and regions continue to highlight supply-chain and infrastructure challenges across the country.
As Nigeria's downstream petroleum sector continues to evolve, future NBS reports will remain essential for understanding fuel price trends, inflationary pressures, and the broader economic outlook.
If you regularly follow Nigeria's economy, energy sector, and fuel price updates, consider bookmarking this page and checking back for future NBS petrol price analyses and market insights.
