The price of fuel in Nigeria today depends on the company you’re purchasing it from. One important thing you need to take note of is that Fuel are not just just petrol alone but also include gas, kerosene, diesel and so on.
The fuel price in different companies like Mobil, NNPC, Bovas, NIPCO varies slightly with Bovas price being slightly lesser than others.
In this article, we will cover NNPC fuel prices, Gas prices, kerosene prices and diesel prices in some specific locations in Nigeria today.
NNPC Fuel Price Today
Petrol, also known as Premium Motor Spirit (PMS), currently costs N1,025 per litre ex-depot, the price went up from N980 previously set by the Nigerian National Petroleum Company (NNPC) Limited. This price change has actually reduced the purchasing power of some Nigerians and also among oil marketers.
Nigeria is perceived more as a consumer than a producer. Because of the high cost of production, Nigeria’s production industries face a formidable obstacle to survival. As a result of this price increase, transportation fares have increased nationwide, and commuters are becoming irate about the high prices.
Dangote Refinery and MRS have partnered to establish the retail price of gasoline at N935 per litre across all of its locations countrywide. The announcement comes at the same time. Due to the NNPC’s termination of its exclusive purchasing arrangement with Dangote Refinery, prices have recently increased.
As at the month of February 2024, the average price of NNPC fuel pump price is 1,000 naira in Lagos, Ibadan, Owerri, Abuja Port Harcourt etc.
Gas Price In Nigeria Today
According to various reports, the price of cooking gas has peaked at N1,500/kg in some retail outlets in Ogun and Lagos. In Abuja, the average price for refilling a 12.5kg cylinder of cooking gas has increased by 41.6% to N17,000 in various areas.
In Nigeria, there are large regional variations in the cost of cooking gas. Here is a summary of the most recent prices:
NNPC Fuel Price Today In Lagos
The price of petrol (premium motor spirit, or PMS) in Nigeria has risen sharply since October 9, 2024, when the Nigerian National Petroleum Company Limited (NNPC) raised the price from approximately N980 to N985 per litre depending on the region in Lagos.
This price increase has caused transport fares to rise nationwide, and commuters have expressed annoyance at the high prices. The most recent NNPC price of fuel in Lagos today is 985 naira per litre in all NNPC filling stations in Lagos.
Fuel Price in Lagos Today
With prices dubbed up from N980 to N985 per litre in Lagos , you’ll agree with me that this is the third price rise in less than two months. Lagos is one of the most populated states in Nigeria and following the scarcity, the skyrocketing price left people with no option but to just purchase it.
As at today February 1st 2025, Petrol is now sold at all filling stations located at Ikeja, Egbeda, Cement, and Dopemu, Lagos, between N999 to 1,000 naira per litre.
Price of Fuel in Abuja Today
The NNPC started removing fuel from the Dangote Petroleum Refinery’s gantry more than a month ago after extensive price negotiations, and as a result, filling stations in Abuja, including those in Wuse, Kuje, Airport Road, and other areas, are now selling fuel for N1,050 per litre. Similarly, petrol is now being dispensed at N1,000 per litre at filling stations located in Wuse, Kuje, Airport Road, and other locations in Abuja.
Kerosene Price in Nigeria Today
Kerosene is rarely used in Nigeria today. However, it is still a fuel used in aviation and by families. The average price of kerosene as of February 2025, in Nigeria is 2,017 naira per litre which is equivalent to about 1.2 U.S. dollars. This price was higher than the September 2024 values.
As a comparison, the average price of kerosene worldwide during this period is 1492.02 Nigerian Naira per litre.
Diesel Price In Nigeria Today
| State | Price per Litre (NGN) |
|---|---|
| Lagos | 1,722 |
| Abuja | 1,379 |
| Taraba | 1,722 |
| Kogi | 1,186 |
Diesel prices in Nigeria are now determined by the NNPC pump price, same as gasoline prices. Diesel on the illicit market is always more expensive than it is on the legitimate market. The cost of diesel is often greater in Lagos than in Abuja.
In actuality, the cost of diesel varies per Nigerian state. Filling stations pay depot prices for diesel. According to a ten-year analysis of Nigeria’s diesel pricing history, the price of diesel has increased by more than 500%.
Nowadays, the average price of diesel in Nigeria is N1,379 per litre, though there are notable differences between states. With a price of N1,722 per litre, Taraba State has the highest price, while Kogi State has the lowest, at N1,186 per litre.
Why Is Fuel Important in Nigeria Today?
Nigeria’s economic and social success depends heavily on its oil and gas resources. Ninety-five per cent of foreign exchange earnings, 70 per cent of budget income, and 40 per cent of the nation’s GDP come from oil alone. Compared to many other major producing nations, Nigeria is far more dependent on petroleum.
The purpose of this paper is to discuss how the petroleum industry benefits the state through both taxation and state participation.
In conclusion, fuel is one of the most indispensable commodities in Nigeria as we speak but still is price could be volatile. The price ranges provided in this article are the most recent prices. I hope it was worth your reading and do well to check out other prices on the blog.
Mathew
