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Premium Motor Spirit (Petrol) Price Watch
PMS

Nigeria
Reference ID
NGA-NBS-PMS
Abstract
The data collection was conducted in sample outlets spread across 774 local government areas in all the 36 states and the FCT, Abuja. The data was collected from over 10,000 respondents located in the outlets. The estimates were derived from the weights generated from household expenditure on fuel and the actual prices households bought those fuels. This data collection exercise was done by over 700 NBS staff in all the states and the FCT and were closely monitored by quality control officers with sophisticated monitoring guidelines. The average prices are reported for each state and the FCT, Abuja accordingly.
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NATIONAL ECONOMY
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Created on
Jan 16, 2025
Last modified
Mar 25, 2026
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Reports
PMS Report February 2026
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Author(s) National Bureau of Statistics, Nigeria
Date 2026-03-25
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) National Bureau of Statistics (NBS)
Description 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.
Table of contents Average PMS Prices Across States ——————————————————–————5
Average PMS Prices Across Zones —————————————————————–—6
12 Months Average Prices ——————————————————————————7
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PMS_Report_FEBRUARY_2026.pdf
PMS_FEBRUARY_ 2026.xlsx
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Author(s) National Bureau of Statistics, Nigeria
Date 16/01/2025
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Download https://microdata.nigerianstat.gov.ng/index.php/catalog/157/download/1136
PMS Report November 2024
Download [PDF, 626.87 KB]
Author(s) National Bureau of Statistics, Nigeria
Date 16/12/2024
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Download https://microdata.nigerianstat.gov.ng/index.php/catalog/157/download/1128
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