The National Bureau of Statistics (NBS) has released its monthly Premium Motor Spirit (PMS) price watch report for November 2025.
The average retail price paid by consumers for petrol in November 2025 was ₦1,061.35, indicating a 12.59% decrease compared to the value recorded in November 2024, ₦1,214.17.
Likewise, comparing the average price value with that of the previous month, October 2025, the average retail price increased by 0.86% from ₦1052.31.
On the state’s profile analysis, Borno state had the highest average retail price, at ₦1,133.86. Sokoto and Kogi states were next, with ₦1,118.83 and ₦1,111.00, respectively.
Conversely, Oyo, Nasarawa, and Lagos states had the lowest average retail prices, at ₦997.39, ₦1,015.12, and ₦1,021.14, respectively.
Lastly, on the zonal profile, the North East zone had the highest average retail price of ₦1,084.04, while the South West zone had the lowest price of ₦1,036.12.
Petrol was also sold at ₦1,064.73 in the North Central, ₦1,067.51 in the North West, ₦1,059.11 in the South East, and ₦1,054.63 in the South-South.
According to the NBS report, on a Year-to-Date basis, petrol was most expensive in March 2025, where it sold at an average retail price of ₦1,261.65, and also traded at its lowest in September 2025, where it sold at ₦970.59.
Meanwhile, the Dangote Refinery has reduced its fuel pump price by 16% to sell at ₦699 per litre from ₦828 per litre. This was effective from December 11, 2025. The Group has also partnered with MRS to sell fuel at ₦739 nationwide.
In a statement issued on Sunday, December 21, 2025, Dangote Refinery lauded MRS and other marketers selling at the reduced pump price.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide,” the firm stated.
The oil and gas company also condemned an alleged attempt to create artificial scarcity for motorists and travellers during the Yuletide season.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable,” the statement further adds.
