The latest report by the National Bureau of Statistics (NBS) shows that the average retail price paid by consumers for Premium Motor Spirit (Petrol) for November 2025 was ₦1,061.35, indicating a 12.59% decrease compared to the value recorded in November 2024 (₦1,214.17).
According to the November 2025 PMS Price Watch Report, when compared with the average price value with that of the previous month (i.e., October 2025), the average retail price increased by 0.86% from ₦1052.31.
It said on State profile analysis, Borno State had the highest average retail price for Premium Motor Spirit (Petrol), at ₦1,133.86, while Sokoto and Kogi States were next, with ₦1,118.83 and ₦1,111.00, respectively.
Conversely, Oyo, Nasarawa and Lagos States had the lowest average retail prices for Premium Motor Spirit (Petrol), at ₦997.39, ₦1,015.12, and ₦1,021.14, respectively.
On the Zonal profile, the NBS report said the North East Zone had the highest average retail price of ₦1,084.04, while the South West Zone had the lowest price of ₦1,036.12.
