Petrol price in Nigeria rose by 1.62% to ₦1,051.47 per litre in February 2026, with Yobe recording the highest price according to NBS data

The National Bureau of Statistics (NBS) has reported a slight increase in the average retail price of Premium Motor Spirit (petrol) across Nigeria, highlighting continued fluctuations in the country’s fuel market.

The petrol price Nigeria February 2026 data shows that the average cost of petrol rose to ₦1,051.47 per litre, up from ₦1,034.76 in January, representing a 1.62 per cent month-on-month increase.

Also read: Nigeria launches $10bn petroleum licensing round to boost production

Despite the monthly rise, the report indicates a year-on-year decline, as the February 2026 average price is 15.60 per cent lower than the ₦1,245.80 recorded in February 2025. This suggests some relative easing compared to the previous year, even though short-term volatility persists.

A state-by-state breakdown reveals notable disparities in fuel pricing across the country. Yobe State recorded the highest average petrol price at ₦1,134.73 per litre, followed closely by Sokoto at ₦1,116.81 and Akwa Ibom at ₦1,109.44.

In contrast, Lagos State recorded the lowest average price at ₦966.61 per litre. Other relatively lower-priced states include Oyo at ₦973.45 and Kaduna at ₦1,000.07 per litre.

Regional analysis also shows that the North-East geopolitical zone recorded the highest average petrol price at ₦1,084.41 per litre, while the South-West had the lowest average at ₦1,023.89 per litre. These variations reflect differences in distribution costs, logistics, and market access across regions.

The report further highlights trends in diesel pricing. On a month-on-month basis, diesel prices increased by 4.30 per cent, rising from ₦1,361.57 per litre in January to ₦1,420.17 in February 2026.

However, similar to petrol, diesel prices recorded a year-on-year decline of 5.39 per cent compared to February 2025.

Lagos again recorded the highest average diesel price at ₦1,625.11 per litre, followed by Borno and Akwa Ibom. On the lower end, Ogun State had the cheapest diesel price at ₦1,183.31 per litre.

Also read: FG Lifts Petrol Import Ban as Nigeria Approves New Licences Amid Supply Concerns

The North-East zone recorded the highest zonal average diesel price, while the North-Central region had the lowest. These figures underscore ongoing inconsistencies in fuel pricing across Nigeria.

Overall, the NBS data points to a fuel market that remains sensitive to supply dynamics, transportation costs, and regional disparities, with both petrol and diesel prices showing mixed trends of short-term increases and long-term declines.