PMS Report February 2026
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The average retail price paid by consumers for Premium Motor Spirit (Petrol) for February
2026 was ₦1,051.47, indicating a 15.60% decrease compared to the value recorded in Feb
ruary 2025 (₦1,245.80). Likewise, comparing the average price value with that of the previ
ous month (i.e., January 2026), the average retail price increased by 1.62% from ₦1,034.76.
On State profile analysis, Yobe State had the highest average retail price for Premium Motor
Spirit (Petrol), at ₦1,134.73. Sokoto and Akwa Ibom States were next, with ₦1,116.81 and
₦1,109.44, respectively. Conversely, Lagos, Oyo and Kaduna States had the lowest average
retail prices for Premium Motor Spirit (Petrol), at ₦966.61, ₦973.45, and ₦1000.07, respectively.
Lastly, on the Zonal profile, the North East Zone had the highest average retail price of
₦1,084.41, while the South West Zone had the lowest price of ₦1,023.89.