The National Bureau of Statistics (NBS) has announced a significant drop in the average retail price of petrol, revealing that the cost per litre fell to N1,052.31 in October 2025, down from N1,184.83 recorded in October 2024. The latest figures were published in the agency’s Petrol Price Watch report released in Abuja on Tuesday.
According to the NBS, the year-on-year decline represents an 11.18% decrease, signalling a notable easing in pump prices compared to the previous year. However, on a month-to-month basis, petrol became more expensive, rising by 8.42% from the N970.59 average recorded in September 2025.
A breakdown of petrol prices across states shows Kogi leading as the most expensive, with motorists paying an average of N1,110.00 per litre. Sokoto and Borno followed closely at N1,105.93 and N1,101.63, respectively.
On the lower end, Oyo offered the cheapest petrol at N1,001.79, with Nasarawa and Abia trailing at N1,009.38 and N1,012.50 per litre.
Regionally, the North-East posted the highest average petrol price at N1,072.74, while the South-West recorded the lowest at N1,032.81.
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The NBS also released the Diesel Price Watch for October 2025, reporting an average retail price of N1,398.57 per litre. This marks a 2.96% decrease from the N1,441.28 recorded a year earlier.
Month-on-month, however, diesel prices climbed by 9.45% from N1,277.81 in September 2025.
Further analysis showed that Enugu had the highest diesel price at N1,468.29, followed by Niger at N1,465.69 and Jigawa at N1,437.40. The lowest prices were reported in Katsina (N1,301.24), Edo (N1,307.84) and Kebbi (N1,308.94).
Across geopolitical zones, the South-East recorded the highest average diesel price at N1,415.85, while the South-South had the lowest at N1,387.18.
