The National Bureau of Statistics says the average retail price of a litre of petrol increased from N1,027.76 in May 2025 to N1,596.25 in May 2026.
The NBS disclosed this in its Premium Motor Spirit Price Watch for May, released in Abuja on Wednesday.
It said the May 2026 price of N1,596.25 represented a 55.31 per cent increase over the N1,027.76 recorded in May 2025.
“Comparing the average price with the previous month of April, the average retail price increased by 4.13 per cent from N1,532.93.
“On state profile analysis, Edo recorded the highest average retail price at N1,722.91 per litre, followed by Bauchi at N1,715.47 and Benue at N1,698.57. Related News NCGC, SMEDAN partner to expand MSME access to loans Stakeholders seek stronger enforcement, approach to track gas flaring Dangote refinery dismisses claims of fuel re-importation from Togo
