Abuja: The average retail price of Premium Motor Spirit (petrol) surged to N1,024.99 per litre in July 2025, marking a significant year-on-year increase of 33.02%, according to the latest data from the National Bureau of Statistics (NBS).
It made the declaration in its Premium Motor Spirit (Petrol) Price Watch for July 2025, released in Abuja on Thursday.
It stated that the July 2025 price of N1,024.99 represented a 33.02 per cent increase over the price of N770.54 recorded in July 2024.
“Comparing the average price value with the previous month of June, the average retail price decreased by 1.22 per cent from N1,037.66.”
According to the state profiles analysis, Jigawa paid the highest average retail price of N1,107.52 per litre, followed by Lagos and Sokoto at N1,100.29 and N1,100.00, respectively.
“Conversely, Zamfara, Yobe, and Kogi paid the lowest average retail price at N884.63, N950.60, and N986.67, respectively,’’ it stated.
Analysis by zones showed that the North-West Zone recorded the highest average retail price in July 2025 at N1035.85, while the North-East Zone recorded the lowest price at N1017.65 per litre.
