The average retail price paid by consumers for Premium Motor Spirit (Petrol) in July 2025 was ₦1024.99.

Contained in the July 2025 “Premium Motor Spirit (Petrol) Price Watch” released by the National Bureau of Statistics (NBS) on Thursday, the statistics showed the price decrease is 1.22% from ₦1,037.66 in June 2025.

On a year-on-year basis, this indicates a 33.02% increase compared to the value recorded in July 2024, which was at ₦770.54.

According to the NBS, Jigawa state had the highest average retail price for Premium Motor Spirit (Petrol), at ₦1107.52. Lagos and Sokoto states were next, with ₦1100.29 and ₦1100.00, respectively. Conversely, Zamfara, Yobe, and Kogi States had the lowest average retail prices for Premium Motor Spirit (Petrol), at ₦884.63, ₦950.60, and ₦986.67, respectively.

The report demonstrates the continued volatility in fuel prices across the country, despite recent efforts to stabilise the downstream petroleum sector, the NBS noted.

According to NBS, the North-West zone had the highest average retail price of ₦1035.85, while the Northeast Zone had the lowest price of ₦1017.65.

The average price of petrol rose to ₦1,037.66 in June 2025, marking a 38.32% year-on-year increase from ₦750.17 recorded in June 2024.

On a month-on-month basis, the price rose by 0.96% from ₦1,027.76 in May 2025.