The typical retail worth of diesel in Nigeria jumped by 25.24 % year-on-year, rising from ₦1,403.96 in Might 2024 to ₦1,758.26 per litre in Might 2025.
This was revealed within the Nationwide Bureau of Statistics’ newest Automotive Fuel Oil (Diesel) Value Watch report launched for Might 2025.
In response to the NBS, diesel additionally noticed a 2.08 % month-on-month improve, climbing from ₦1,722.45 in April 2025 to the present common of ₦1,758.26 in Might.
Regardless of the spike in diesel costs, inflation figures confirmed indicators of easing. Nigeria’s headline inflation dropped to 22.97 % in Might 2025, down from 23.71 % in April, marking the second consecutive month-to-month decline.
This represents an 10.98 proportion level lower in comparison with the 33.95 % recorded in Might 2024.
The NBS diesel worth breakdown revealed that Benue State recorded the best common price per litre at ₦2,441.46.
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It was adopted by Adamawa (₦2,350.32) and Plateau (₦2,201.52). In the meantime, the states with the bottom diesel costs had been Ondo (₦1,318.40), Kogi (₦1,360.00), and Anambra (₦1,361.02).
A regional evaluation of the info confirmed that diesel was most costly within the North-Central zone, the place shoppers paid a median of ₦1,920.47 throughout seven states and the FCT. The South-West, however, had the bottom zonal common at ₦1,553.19.
Different regional averages embrace: North-West: ₦1,769.28, North-East: ₦1,767.21, South-East: ₦1,632.33, South-South: ₦1,857.19
In April 2025, diesel had already surged by 21.72 % year-on-year, going from ₦1,415.06 in April 2024 to ₦1,722.45.
The states with the best and lowest costs that month mirrored the Might knowledge, Benue, Adamawa, and Plateau topped the record, whereas Kogi, Ondo, and Anambra recorded the most cost effective costs.
The development underscores persistent regional disparities in diesel pricing, with the North-Central zone persistently bearing the best price burden.
