.Cooking gas jumps to N22,382 for 12.5kg cylinder
James Emejo in Abuja
The average retail price paid by consumers for Premium Motor Spirit (PMS), otherwise known as petrol, rose by 23.69 per cent year-on-year to N1,532.93 in April 2026, compared to N1,239.33 recorded in the corresponding period of 2025, according to the National Bureau of Statistics (NBS).
According to the Premium Motor Spirit (Petrol) Price Watch (April 2026) report released by the statistical agency, month-on-month, petrol prices increased by 18.97 per cent from N1,288.54 in March 2026.
The increase in petrol price came amid persistent inflationary concerns and rising transportation and food costs that have continued to erode consumers’ purchasing power nationwide.
