The average retail price of Premium Motor Spirit (petrol) in Nigeria fell by 15.6 percent year-on-year to ₦1,051.47 in February 2026, according to new data released by the National Bureau of Statistics (NBS).
The figure represents a decline from ₦1,245.80 recorded in February 2025, signalling a reduction in fuel costs over the 12-month period. However, on a month-on-month basis, petrol prices rose slightly by 1.62 percent from ₦1,034.76 in January 2026.
The NBS said the data was collected from sample outlets across all 774 local government areas in the country, covering the 36 states and the Federal Capital Territory. More than 10,000 respondents were surveyed, with over 700 staff involved in the nationwide data collection exercise.
State-level analysis showed wide disparities in petrol prices across the country. Yobe State recorded the highest average retail price at ₦1,134.73 per litre. Sokoto and Akwa Ibom followed with ₦1,116.81 and ₦1,109.44 respectively.Get The Full, Details. .
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