Trending News: EGHOSA Old Boys Meet in Abuja SundayOlaopa Lists Lessons from Judge Frank Caprio for Nigerian Public ServantsA Legacy of Unmatched Transformation: Lawal, the Record-Setting Governor of ZamfaraBREAKING: Coalition Of Nigerian Leaders Decries Escalating Insecurity Under Tinubu, Proposes Presidential Task Force To Stop BloodlettingConcerned Leaders: With 10,217 Killings in 2 Years, Parts of Nigeria Enduring Wartime Levels of SlaughterBREAKING: Nigerian Students Declare Mass Protest In Niger State Over Education Neglect, Unpaid ScholarshipsAddressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital MarketINEC: Over 500,000 Nigerians Pre-register Online for CVR in Five DaysFG, Japan Intensify Talks on $238m Loan for National Power Grid ExpansionNigeria Loses Over $1.5bn Annually to Malnutrition, FG DeclaresSanwo-Olu Tours MLM Agro Food, Commends Origin Tech GroupOwe No Allegiance to Godfathers, Idols, Ohuabunwa Tells PoliticiansBishop Kukah Leads Catholic Diocese of 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Approves N45m for Control of HIV/AIDSFG: Nigeria Positioned as Globally Relevant Mining HubMakinde: Southern PDP Leaders Have Taken Far-reaching Decision on State of PartyCBN Hits 4-year High External Reserves of $41.05bn, Targets $100bnMbah Unveils Reconstructed Hotel Presidential, Enugu, Extols Okpara’s VisionNUPRC Announces Completion of Marginal Field Licences Review, Says Qualified Firms to Be PublishedUmahi Mulls Termination of Lokoja-Ayingba, Okene-Itobe Road ContractsBauchi Unveils Economic, Investment Potential at Lagos RoadshowCourt Throws Out Massive $527m Civil Fraud Penalty against TrumpUzodimma Tasks Imo LG Chairmen, Others on Grassroots DevelopmentEno, Soludo: The Style Defines the LeaderAkwaaba Travel Market Unveils Strategies to Grow Tourism in AfricaLAPO MfB Introduces EduFinance Loans to Boost Access to EducationEthiopian Airlines, Finchglow Holidays Partner to Boost Tourism in AfricaBREAKING: Five Chinese Nationals Arrested Without Valid Papers Released After Alleged Lobbying By Retired Immigration ChiefBreaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor ConfidenceBREAKING: Nigerian Aviation Authorities Question Ibom Air Crew, Passenger Comfort Emmanson Over Lagos Airport DramaAssociation Advocates Ban on Importation of Ready-made Garments, Urges FG to Protect Local IndustryMowe Golf Town to Open Experience Centre, Holds N500m African Art ExhibitionUNILAG VC Calls for Responsible Tech Governance to Curb Fraud, Disinformation Lagos Embarks on Landmark Transition to Circular Waste ManagementEzekwesili Advocates Building Africa’s New Class of Values-driven Political LeadersEmzor Pharmaceutical Successfully Repays Debut Series 1 Commercial PaperRMAFC Begins Remuneration Packages for Office HoldersBREAKING: Angry Mob Beats Suspected Female Kidnapper Nearly To Death At Ilorin MarketNELFUND Issues New Guidelines on Upkeep Loan DisbursementGateway Airport: A Legacy Project To Unlock Ogun Economic 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Sat. Aug 23rd, 2025
Trending News: EGHOSA Old Boys Meet in Abuja SundayOlaopa Lists Lessons from Judge Frank Caprio for Nigerian Public ServantsA Legacy of Unmatched Transformation: Lawal, the Record-Setting Governor of ZamfaraBREAKING: Coalition Of Nigerian Leaders Decries Escalating Insecurity Under Tinubu, Proposes Presidential Task Force To Stop BloodlettingConcerned Leaders: With 10,217 Killings in 2 Years, Parts of Nigeria Enduring Wartime Levels of SlaughterBREAKING: Nigerian Students Declare Mass Protest In Niger State Over Education Neglect, Unpaid ScholarshipsAddressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital MarketINEC: Over 500,000 Nigerians Pre-register Online for CVR in Five DaysFG, Japan Intensify Talks on $238m Loan for National Power Grid ExpansionNigeria Loses Over $1.5bn Annually to Malnutrition, FG DeclaresSanwo-Olu Tours MLM Agro Food, Commends Origin Tech GroupOwe No Allegiance to Godfathers, Idols, Ohuabunwa Tells PoliticiansBishop Kukah Leads Catholic Diocese of Sokoto in Donating Wheel Chairs to UDUTHNBCC, Moniepoint Collaborate to Chart New Paths for SMEsTinubu Names Rotimi Pedro NTA DG, Appoints New Members into Management Team,BREAKING: Junketing Tinubu Lands In Los Angeles En Route To Brazil For Two-Day State Visit After Japan ConferenceAt Graduation of Defence College Course 33, Tinubu Pledges to Strengthen Local Manufacturing of Military HardwareEFCC Declares Atiku’s Son-in-law Wanted over Money Laundering AllegationsGroup Decries Attacks on NNPCL CFOAt Least 65 Killed Across Nigeria This Week, Amnesty International Says, Condemns Govt InactionIn Defence of Yewa/Awori People’s Bid for 2027 Ogun GovernorshipBREAKING: Senior Police Officers Resolve Nigerian Police Must Quit Contributory Pension Scheme, Seek National Assembly BackingNiger State Govt Fails To Release Funds To Displaced Persons Agency Despite Worsening Floods, Bandit AttacksJapan Designates Kisarazu City As Hometown For Diaspora NigeriansTinubu Unveils Personal Income Tax Calculator, Urges Nigerians to Use It to Know Payment EstimateTAMPAN Guild of Directors Secures Key Partnerships Ahead of 2025 RetreatReformer at the Helm: How Bayo Ojulari is Rewriting the NNPCL PlaybookNACCIMA, Afreximbank Strengthen Ties to Boost Trade, Support MSMEs, Drive Digital TransformationPDP Govs Hold Strategic Meeting in Zamfara Ahead of National ConventionIGP Egbetokun Needs Effective Policing As Enduring LegacyFagbemi Denies Political Influence in Withdrawal of Otudeko, Kuru CasesWarri Monarch Canvasses Peace Amongst Subjects, Launches N750m Trust Fund For Itsekiri Dev’tInsecurity: APC Chieftain Pledges ₦10m to Kwara Security Support FundINEC Urges Leaders to Mobilise Voters for  Registration in SokotoNACCIMA, Nigeria Customs Forge Strategic Partnership to Boost Trade FacilitationOtu Calls for FG’s Support on Nutrition, Health Reforms  EXCLUSIVE: Atiku’s Son-In-Law, Bashir-Haske, Declared Wanted By EFCC, Escaped With ‘Second Passport’ After Passport SeizureMakinde Approves N45m for Control of HIV/AIDSFG: Nigeria Positioned as Globally Relevant Mining HubMakinde: Southern PDP Leaders Have Taken Far-reaching Decision on State of PartyCBN Hits 4-year High External Reserves of $41.05bn, Targets $100bnMbah Unveils Reconstructed Hotel Presidential, Enugu, Extols Okpara’s VisionNUPRC Announces Completion of Marginal Field Licences Review, Says Qualified Firms to Be PublishedUmahi Mulls Termination of Lokoja-Ayingba, Okene-Itobe Road ContractsBauchi Unveils Economic, Investment Potential at Lagos RoadshowCourt Throws Out Massive $527m Civil Fraud Penalty against TrumpUzodimma Tasks Imo LG Chairmen, Others on Grassroots DevelopmentEno, Soludo: The Style Defines the LeaderAkwaaba Travel Market Unveils Strategies to Grow Tourism in AfricaLAPO MfB Introduces EduFinance Loans to Boost Access to EducationEthiopian Airlines, Finchglow Holidays Partner to Boost Tourism in AfricaBREAKING: Five Chinese Nationals Arrested Without Valid Papers Released After Alleged Lobbying By Retired Immigration ChiefBreaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor ConfidenceBREAKING: Nigerian Aviation Authorities Question Ibom Air Crew, Passenger Comfort Emmanson Over Lagos Airport DramaAssociation Advocates Ban on Importation of Ready-made Garments, Urges FG to Protect Local IndustryMowe Golf Town to Open Experience Centre, Holds N500m African Art ExhibitionUNILAG VC Calls for Responsible Tech Governance to Curb Fraud, Disinformation Lagos Embarks on Landmark Transition to Circular Waste ManagementEzekwesili Advocates Building Africa’s New Class of Values-driven Political LeadersEmzor Pharmaceutical Successfully Repays Debut Series 1 Commercial PaperRMAFC Begins Remuneration Packages for Office HoldersBREAKING: Angry Mob Beats Suspected Female Kidnapper Nearly To Death At Ilorin MarketNELFUND Issues New Guidelines on Upkeep Loan DisbursementGateway Airport: A Legacy Project To Unlock Ogun Economic PotentialsKatsina Revokes Operational Licences of Private, Community Schools2027: Obidient Movement Unveils New Nigeria is Possible Campaign in EnuguEducation Key to Empowering Society, Says PENGASANWelcomeToNigeria Expo ‘2025: Tourism Industry Stakeholders Demand Infrastructure DevtBREAKING: Suspected Child Kidnapper Survives Near-Lynching At Ilorin Market After Police RescueEcobank Nigeria Unveils ‘Enduring Legacies’: Grand Tribute to Masters of Nigerian ArtSoludo Regrets Brutal Assault of Female Corps MemberBREAKING: Angry Mob Beats Suspected Female Child Kidnapper To Death At Ilorin MarketAdamawa Rescues 14 Children from Human Trafficking Ring, Hands over to ParentsEXCLUSIVE: Ethiopian Airlines Staff, Baggage Handlers Named In Case Of Nigerian Woman Maryam Detained Over Marijuana Bag In Saudi Arabia –HusbandNorthern CAN Urges Christians to Participate in Voter RegistrationRainstorm Destroys  Houses, Council Secretariat in JosGroup Accuses Oyebanji of Neglecting Healthcare, InfrastructureIn Japan, Tinubu Salutes Nigerian Military’s Momentum Against InsecurityMakinde Approves Ladoja as the 44th Olubadan, Installation Holds September 26REA, Delta Partner on Off-grid Power, Plan to Raise State’s GDP By $2.9bnNCC, Governors Forge Partnership to Boost Nigeria’s Digital EconomyTinubu Approves N45bn for FCT Water ProjectsEthiopian Airlines to Add Three Extra Flights to Abuja from October 28Access Holdings Expands Global Footprint with Trade Diplomacy, Social Impact in ZambiaBello: How I Got Donations, Sold My House to Build 540-Seater Auditorium for StudentsTwo Years of Renewed Hope in Tunji-Ojo’s Interior MinistryPen to Power: How Oketola’s Journalism now Shapes Academic Research, Public Policy  AI AND DIGITALISATION: NAL’S VERDICTIMBIBING THE SAFEGUARDING PRINCIPLE IN NIGERIANEW DIRECTION IN POLITICAL ALLEGIANCE IN KADUNAINSURANCE INDUSTRY AND RECAPITALISATIONFAREWELL, OLU-IBUKUN: BROADCASTING TRAIL-BLAZER AND MORESophos, Halcyon Introduce Anti-tamper Protection InitiativeBREAKING: Whistleblowers Network Sues Nigerian Govt, AGF, Others; Seeks To Block Fresh $396.6Million Payout To Senator Ned Nwoko, Linas In Paris Club DisputeTinubu Sacks NTA Management, Appoints Pedro DGMakinde Approves Ladoja As 44th Olubadan Nigerian Govt Closes 13.5Million Social Media Accounts For ‘Offensive Content’, Removes Nearly 60Million PostsTinubu Targets Economic Growth, Development in Osun, Says MinisterUNICEF, Katsina Unveil Committee to Promote Education How Uba Sani Reversed 54 Cumulative Years of Stagnation in Kaduna State
Sat. Aug 23rd, 2025

Petrol price increases by 223% to ₦770/ litre in 12 months — NBS

Petrol
The average price of petrol increased by 223.21 per cent to approximately ₦770 per litre in May 2024 from ₦238.11 per litre recorded in the corresponding period of 2023.

The National Bureau of Statistics (NBS), which revealed this in its report, said on a month-on-month basis an increase of 9.75 per cent was recorded from ₦701.24 per litre in April 2024.

The NBS stated in the report that Jigawa State topped the price chart at ₦937.50 per litre, followed by Ondo and Benue states with N882.67 per litre and ₦882.22 per litre, respectively.

However, Lagos, Niger and Kwara states have the lowest average retail prices for the product at ₦636.80, ₦642.16 and N645.15 respectively.

On the zonal profile, the North-West Zone had the highest average retail price of ₦845.26, while the North Central Zone had the lowest price of ₦695.04.

READ ALSO: Nigerian pilgrim returns missing foreign currencies in Saudi Arabia

Meanwhile, the average retail price of Diesel went up by 66.29 per cent to ₦1403.96 per litre in May 2024 from ₦844.28 per litre recorded in May 2023.

On a month-on-month basis, a decrease of 0.78 per cent was recorded from ₦1415.06 per litre in April 2024.

The report said, “Looking at the variations in the state prices, the top three states with the highest average price of the product in May 2024 include Adamawa State, (₦1709.00), Sokoto State (₦1675.00) and Bauchi (₦1657.92).

“Also, the top three lowest prices were recorded in Niger State (₦1140.20), Kano State (₦1153.33), and Oyo State (₦1236.92).”

The zonal representation of average price of diesel indicated that North-East Zone has the highest price of ₦1605.91 while South West Zone has the lowest price ₦1303.60 when compared with other zones.

The post Petrol price increases by 223% to ₦770/ litre in 12 months — NBS appeared first on Guardian Nigeria News.

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