Nigeria’s Fuel Cost Drops 15.6% to ₦1,051, But Regional Gaps Persist

In February 2026, Nigeria’s average petrol price fell by 15.6% year-on-year to ₦1,051.47 per litre, down from ₦1,245.80 in February 2025, according to data from the National Bureau of Statistics. On a monthly basis, however, prices edged up by 1.62% from January’s ₦1,034.76. State figures reveal wide disparities. Yobe recorded the highest cost at ₦1,134.73, followed by Sokoto and Akwa Ibom at ₦1,116.81 and ₦1,109.44 respectively. Lagos had the lowest price at ₦966.61, with Oyo and Kaduna close behind. Regionally, the North East paid the most at ₦1,084.41 per litre, while the South West enjoyed the lowest average of ₦1,023.89. Analysts link these gaps to transport costs, logistics and distance from supply hubs. The NBS survey covered over 10,000 outlets across all 774 local government areas, with more than 700 staff involved in data collection. Petrol remains a key driver of living costs and inflation, so ongoing price shifts are closely watched by households and businesses.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.