Current Petrol Prices in Nigeria, Per Litre

In Nigeria, petroleum, also known as fuel, is one of the most important commodities since it powers many facets of the daily economy and existence.

Nonetheless, several variables, including supply and demand, exchange rates, global oil prices, and subsidy policies, have caused fluctuations in the price of gasoline over time.

In this post, we’ll examine the current gas price in Nigeria, the variables that influence it, and some commonly asked questions.

The Nigerian National Petroleum Company Limited (NNPCL) states that N617 per liter is the official pump price of gasoline (PMS) in Nigeria. This came about as a result of the government eliminating the commodity’s subsidy, which caused the price to rise significantly from N195 per liter.

However, the actual cost of gas may vary across the nation due to logistics and other location-specific factors.

According to the costs of different goods and services in Nigeria, the commodity is currently sold for between N600 and N700 per liter nationwide. Right now, the average cost of gasoline across the nation is N630 per liter.

The gasoline prices in Nigeria’s 36 states and Federal Capital Territory (FCT) as of March 21, 2024, are displayed in the table below. Please be aware that these rates could vary depending on the station in your area.