The common value of petrol in Nigeria rose to ₦1,239.33 in April 2025, a pointy 76.73% improve in comparison with ₦701.24 in April 2024, in response to the Nationwide Bureau of Statistics (NBS).
The report, launched Wednesday, Could 21, revealed that regardless of a slight month-on-month drop of 1.77% from ₦1,261.65 in March, gas prices stay extremely unstable throughout the nation.
Imo State recorded the best common value at ₦1,588.50 per litre, adopted by Jigawa at ₦1,567.84 and Sokoto at ₦1,550.00.
Yobe had the bottom common value at ₦970.00, with Kwara and Osun trailing at ₦1,014.85 and ₦1,042.49 respectively.
In main cities, petrol offered for about ₦935 per litre in Abuja and ₦880 in Lagos.
By area, the South East topped the chart with a mean of ₦1,341.71, adopted by the North West at ₦1,325.90 and North Central at ₦1,242.94. The South West recorded the bottom zonal common at ₦1,138.64.
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The spike in costs persevered regardless of the Dangote Refinery chopping its ex-depot petrol value to ₦835 per litre in mid-April, its second discount in every week. The refinery offered at ₦890 per litre in Lagos, down from ₦920, with related charges noticed in Abuja.
In the meantime, the Central Bank of Nigeria’s Inflation Expectation Survey confirmed that 91% of respondents cited vitality costs, together with petrol, diesel, and electrical energy, as essentially the most important drivers of inflation.
Transportation prices additionally ranked excessive, with 86.7% of respondents naming it a key issue influencing inflation.
Petrol costs fluctuated between ₦870 and ₦920 all through April.
The newest NBS inflation knowledge confirmed a slight drop within the annual charge to 23.71% in April, down from 24.23% in March. Month-on-month inflation additionally slowed to 1.86% in April from 3.90% in March, suggesting a tentative path in direction of {economic} stability.
The rise in gas prices follows the federal authorities’s removing of subsidies in Could 2023, a transfer that triggered widespread value will increase and inflationary stress.
