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The Digest:

The average retail price of petrol fell to N1,061.35 in November 2025, marking a significant 12.59% decrease compared to the same period last year. However, the price experienced a slight month-on-month increase, highlighting the ongoing volatility in Nigeria's fuel market despite full deregulation and regional supply disparities.

Key Points:
  • The average petrol price in November 2025 was N1,061.35, down 12.59% from November 2024.
  • Month-on-month, the price rose by 0.86% from October's N1,052.31.
  • Borno State recorded the highest average price at N1,133.86, while Oyo had the lowest at N997.39.
  • The North-East zone had the highest zonal average (N1,084.04); the South-West had the lowest (N1,036.12).
  • Experts attribute fluctuations to logistics, exchange rate volatility, and distribution challenges.
  • The Dangote Refinery pledged to supply 1.5 billion litres of petrol monthly to support local sufficiency.
  • Yearly decline offers consumer relief, but monthly instability continues to impact households and businesses.
This price movement reflects a market in uneasy transition, where yearly relief is overshadowed by monthly uncertainty, and national averages mask deep regional inequities in access and cost.

Sources: National Bureau of Statistics (NBS), Business Post