NBS Reports Drop in Petrol and Diesel Prices in October 2025

The National Bureau of Statistics (NBS) has reported a decline in average retail fuel prices in October 2025. According to the bureau’s Petrol Price Watch released in Abuja, the average price of a litre of petrol fell to ₦1,052.31, down from ₦1,184.83 in October 2024, marking an 11.18% year-on-year decrease. However, compared to September 2025, petrol prices rose by 8.42%, from ₦970.59. State-level data showed Kogi recorded the highest average price at ₦1,110.00, followed by Sokoto (₦1,105.93) and Borno (₦1,101.63). The lowest prices were in Oyo (₦1,001.79), Nasarawa (₦1,009.38), and Abia (₦1,012.50). Zone analysis indicated the North-East had the highest average at ₦1,072.74, while the South-West recorded the lowest at ₦1,032.81. In the diesel market, the NBS Diesel Price Watch revealed an average retail price of ₦1,398.57 per litre in October 2025, representing a 2.96% decrease year-on-year from ₦1,441.28 in October 2024. Month-on-month, diesel prices increased by 9.45% from ₦1,277.81 in September 2025. State-wise, Enugu had the highest diesel price at ₦1,468.29, followed by Niger (₦1,465.69) and Jigawa (₦1,437.40). The lowest prices were recorded in Katsina (₦1,301.24), Edo (₦1,307.84), and Kebbi (₦1,308.94). By zone, the South-East led with ₦1,415.85, while the South-South recorded the lowest at ₦1,387.18.

Petrol Price Increased To N630.63 In October -NBS

The National Bureau of Statistics (NBS), has said that the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch for October 2023 released in Abuja on Wednesday. It stated that the October 2023 price of N630.63 represented a 222.92 per cent increase over the price of N195.29 recorded in October 2022. “Comparing the average price value with the previous month of September 2023, the average retail price increased by 0.71 per cent from N626.21. “On state profiles analysis, Zamfara paid the highest average retail price of N659.38 per litre, followed by Gombe and Borno at N658.33 and N657.27, respectively. “Conversely, Lagos, Oyo, and Delta paid the lowest average retail price at N590.95, N592.19 and N599.38 respectively,’’ it stated. Analysis by zones showed that the North-East Zone recorded the highest average retail price in October 2023 at N644.16, while the South-West recorded the lowest price at N616.81 per litre. The NBS also stated in its Diesel Price Watch Report for October 2023 that the average retail price was N1004.98 per litre. It said that the October 2023 price of N801.09 per litre amounted to a 25.45 per cent increase over the N801.09 per litre paid in October 2022. “On a month-on-month basis, the price increased by 12.82 per cent from the N890.80 per litre recorded in September 2023,’’ it added. On state profile analysis, the report said the highest average price of diesel in October 2023 was recorded in Plateau at N1150.00 per litre, followed by Nasarawa at N1138.00 and Benue at N1091.67. On the other hand, the lowest price was recorded in Rivers State at N824.44 per litre followed by Borno at N827.27 and Kebbi State at N845.00 per litre. In addition, the analysis by zones showed that the North-Central had the highest price of N1090.69 per litre, while North- East recorded the lowest price at N947.32 per litre. 

Average Price Of 5kg Cooking Gas Hits 8.89% -NBS

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 8.89% on a month-on-month basis from N4,189.96 recorded in September 2023 to N4,562.51 in October 2023. In its Liquefied Petroleum Gas (Cooking Gas) Price Watch (October 2023), the bureau noted that on a year-on-year basis, it increased by 1.76% from N4,483.75 in October 2022. On state profile analysis, Kano recorded the highest average price for refilling a 5kg cylinder cooking gas with N5,181.43, followed by Adamawa with N5,142.86, and Ogun with N5,093.75. On the other hand, Ebonyi recorded the lowest price with N3,971.43, followed by Osun and Edo with N4,000.00 and N4,025.00 respectively. “In addition, analysis by zone showed that the North-West recorded the highest average retail price for refilling a 5kg cylinder cooking gas with N4,738.20, followed by the North-Central with N4,662.62, while the South-East recorded the lowest with N4,088.65. “Also, the average retail price for refilling a 12.5kg cylinder of cooking gas increased by 14.04% on a month-on-month basis from N9,247.40 in September 2023 to N10,545.87 in October 2023. “On a year-on-year basis, this rose by 4.93% from N10,050.53 in October 2022. On state profile analysis, Edo recorded the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas with N12,536.88, followed by Jigawa with N12,050.00 and Delta with N11,987.50. Conversely, the lowest average price was recorded in Zamfara with N9,050.00, followed by Lagos and Oyo with N9,071.05 and N9,407.14 respectively,” the statistics bureau stated. Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg cylinder cooking gas with N11,480.60, followed by the North-Central with N10,683.97, while the South-East recorded the lowest price with N9,847.42.

2,733 Road Accidents Occurred In Q1 2023 – NBS

The National Bureau of Statistics (NBS) has said that the total number of 2,733 road traffic crashes occurred in the first quarter of 2023. The bureau, in its Road Transport Data Q1 2023, indicated a 24.44 per cent decrease from the previous quarter which recorded 3,617 and an 18.30 per cent fall from 3,345 in Q1 2022. It also noted that serious cases of traffic crashes stood at 1,801 in Q1 2023, compared to fatal and minor cases with 677 and 255 respectively. However, there was a decline in the three categories of cases in the quarter under review relative to the preceding quarter. “A total of 1,185 males were killed in Q1 2023, accounting for 82.23% of 1,441 persons killed, compared to 256 (17.77%) females killed. “Also, a total of 6,386 males were injured during the period, indicating 76.58% of 8,339 injured persons compared to 1,953 (23.42%) females injured. “A total of 4,095 vehicles were involved in road traffic crashes in Q1 2023, lower compared to the previous quarter which recorded 5,407, indicating a decrease of 24.26%,” the report said. By region, the North-Central recorded the highest number of crashes in Q1 2023 with 973, followed by the South-West with 678, while the South-South had the least with 122. “Similarly, the North-Central recorded the highest number of casualties with 2,928, followed by the North-West with 2,323, while the South-South recorded the least with 464,” the report added.

Petrol Price Increased To N626.70 In August -NBS

The National Bureau of Statistics (NBS) has said the average retail price of a litre of Petrol increased from N189.46 in August 2022 to N626.70 in August 2023. It made the declaration in its Petrol Price Watch for August 2023 released in Abuja on Friday. It stated that the Aug. 2023 price of N626.70 represented a 230.78 per cent increase over the price of N189.46 recorded in Aug. 2022. “Comparing the average price value with the previous month of July 2023, the average retail price increased by 4.39 per cent from N600.35. “On state profiles analysis, Taraba paid the highest average retail price of N680 per litre, followed by Borno and Benue at N657.27 and N649, respectively. “Conversely, Adamawa paid the lowest average retail prices of N594.81 per litre, followed by Rivers at N596.80 and Delta at N604.63,’’ it stated. Analysis by zone showed that the North-East recorded the highest average retail price in Aug.2023 at N636.93 per litre, while the South-South recorded the lowest at N616.95 per litre. The NBS also stated in its Diesel Price Watch Report for August 2023 that the average retail price was N854.32 per litre. It explained further that the Aug. 2023 price of N854.32 per litre amounted to a 8.57 per cent increase over the N786.88 per litre paid in August 2022. “On a month-on-month basis, the price increased by 7.53 per cent from the N794.48 per litre recorded in July 2023,’’ it added. On state profiles analysis, the report said the highest average price of diesel in Aug. 2023 was recorded in Abia at N970 per litre, followed by Niger at N960.14 per litre and Abuja at N950.22 per litre. On the other hand, the lowest price was recorded in Bayelsa at N700 per litre, followed by Katsina State at N771.43 per litre and Kaduna State at N775.42 per litre. In addition, the analysis by zone showed that the North-Central had the highest price at N907.86 per litre, while the South-South recorded the lowest price at N820.02 per litre.

Just In: Nigeria’s Inflation Soars To 25.80% In August 2023 –NBS

Nigeria’s headline inflation rate jumped to 25.80 per cent in August 2023, relative to the July 2023 headline inflation rate which was 24.08 per cent, the National Bureau of Statistics (NBS) has said. According to the NBS in its Consumer Price Index (CPI) report for August 2023, there is a 1.72 percentage point increase when compared to the July 2023 headline inflation rate. On a year-on-year basis, the headline inflation rate was 5.27% points higher compared to the rate recorded in August 2022, which was 20.52%. The NBS noted that food inflation for August rose to 29.34 per cent in August 2023, representing a 2.35 percentage point increase from 26.98 per cent recorded in the previous month. On a year-on-year basis, which was 6.22% points higher compared to the rate recorded in August 2022 (23.12%). According to the Statistics bureau, the increase was driven by increase in prices of Oil and fat, Bread and cereals, Fish, Fruit, Meat, Vegetables and Potatoes, Yam and other Tubers, Vegetable, Milk, Cheese and Eggs. “On a month-on-month basis, the Food inflation rate in August 2023 was 3.87%, this was 0.41% points higher compared to the rate recorded in July 2023 (3.45%). “The rise in Food inflation on a month-on-month basis was caused by increases in prices of Bread and cereals, Potatoes, Yam and other tubers, Fish, Oil and Fat, Coffee, Tea, and Cocoa. “The average annual rate of food inflation for the twelve months ending August 2023 over the previous twelve-month average was 25.01%, which was 5.99% points increase from the average annual rate of change recorded in August 2022 (19.02%),” the bureau said. The NBS further said that in August 2023, food inflation on a year-on-year basis was highest in Kogi (38.84%), Lagos (36.04%), and Kwara (35.33%), while Sokoto (20.09%), Nasarawa (24.35%) and Jigawa (24.53%) recorded the slowest rise in food inflation on a year-on-year basis. “On a month-on-month basis, however, August 2023 food inflation was highest in Rivers (7.12%), Kwara (5.89%), and Kogi (5.80%), while Sokoto (0.50%), Abuja (1.30%) and Niger (1.40%) recorded the slowest rise in Food inflation on a month-on-month basis,” the report revealed.