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Nigeria PMS Price Dashboard
National Bureau of Statistics — PMS Price Watch
National Average
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Price Spread
Coverage
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Average Price by Geopolitical Zone

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Compare both states against the same national average benchmark.

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All States Ranked by PMS Price

Lowest to highest. Dashed line = national average.

PMS Price Impact on Nigeria

How the end of the fuel subsidy and sustained import cost pressures have reshaped Nigeria's economy, households, and key sectors. All figures fact-checked against NBS, CBN, and World Bank data.

PMS Price Journey — 2022 to 2026

National average retail pump price (₦/L) from the subsidised era through to the January 2026 NBS survey. Sources: NBS PMS Price Watch monthly series.

Subsidised era Post-reform Peak (Dec 2024) Jan 2026
Cascading Effects Across Key Sectors
Road Transport
Commercial transport operators pass PMS costs directly to passengers and shippers. Intra-city, intercity, and last-mile freight fares have risen sharply since the May 2023 subsidy removal, disproportionately affecting low-income commuters and rural communities with no alternatives.
Source: NURTW; NBS Consumer Price Index (Transport)
Food & Agriculture
PMS is embedded throughout Nigeria's food supply chain — powering irrigation pumps, farm machinery, market trucks and cold-chain logistics. Nigeria's food inflation peaked at 40.87% in March 2024, the highest in nearly three decades, with fuel cost pass-through a primary driver.
Source: NBS Food Price Index, March 2024
Power & Energy
An estimated 25 million generators are in daily use across Nigeria, serving households and businesses that cannot rely on the national grid. The 5.6× increase in generator fuel cost since 2022 has effectively reduced real access to electricity for millions of Nigerians.
Source: NBS; World Bank Nigeria Electrification Data 2024
Small & Medium Businesses
SMEs account for approximately 50% of Nigeria's GDP and 80% of employment. Energy — primarily diesel and PMS — constitutes an estimated 20–40% of SME operating costs. Rising fuel prices have forced many micro-enterprises to cut output, reduce hours, or shut down entirely.
Source: CBN SME Survey; Manufacturers Association of Nigeria; World Bank
Households & Welfare
Beyond transport and generators, PMS powers motorcycles (primary rural mobility), water pumps, and petrol-fuelled appliances. Urban and peri-urban households face compounded cost pressure across food, energy, and transport — all of which are indexed to the pump price of PMS.
Source: CBN Consumer Expectation Survey; NBS Household Survey data

Key Events Affecting Nigerian Fuel Prices

Click any event to see details and sources.