Fuel prices in Nigeria today – Here, you will see how much is fuel or petrol per litre in Nigeria . This article provides updates on the current fuel price in Nigeria today, 2024, and a detailed breakdown of prices across different states including Price of fuel from Dangote Refinery.
In 2024, fuel prices in Nigeria continue to fluctuate due to various factors, including government policies, international oil prices, and local production challenges. With ongoing discussions about fuel subsidies, exchange rates, and inflation, the cost of fuel in Nigeria remains a hot topic.
Current Price of Fuel Per Litre in Nigeria
As of September 2024, the fuel price in Nigeria today is ₦1015 to ₦1200 per litre, depending on the region. Lately, the average price of fuel per litre in Nigeria has significantly increased compared to previous years. The removal of fuel subsidies and global market dynamics have led to petrol price hikes, affecting both consumers and businesses. The fuel price today in Nigeria varies based on location, state policies, and the availability of fuel at different stations.
With the Nigerian government aiming to regulate the fuel market and reduce its dependency on subsidies, the prices of fuel across the country have become more unpredictable. Rising fuel prices in Nigeria have had a significant impact on transportation costs, the cost of goods, and the overall inflation rate in the country.
The current fuel price in Nigeria reflect the volatility of the global oil market and the internal challenges of refining crude oil domestically. While the government continues to explore ways to mitigate the rising cost of fuel in Nigeria such as allowing Dangote refinery to operate freely, citizens in different states experience varying petrol costs due to distribution logistics and regional factors.
Another factor influencing the price of petrol in Nigeria is the cost of importing fuel, as the country still imports a significant portion of its refined petroleum products despite being a major crude oil producer. This dependency on imports and the associated costs contribute to fuel price fluctuation in Nigeria.
It is crucial to stay updated on the latest fuel price in Nigeria as changes can happen rapidly. We will provide you with an up-to-date list of fuel prices across various states and cities in Nigeria, giving a clearer picture of how prices differ from one location to another.
Price of Fuel in Nigeria per State
In 2024, fuel prices vary not only between states but also between cities within the same state. The following table provides a breakdown of the price of fuel per litre in Nigeria across different states and cities:
| City (State) | Price per Litre (₦) |
|---|---|
| Lagos (Lagos State) | ₦1200 |
| Ikeja (Lagos State) | ₦1200 |
| Abuja (FCT) | ₦1200 |
| Kaduna (Kaduna State) | ₦1200 |
| Kano (Kano State) | ₦1200 |
| Port Harcourt (Rivers) | ₦1200 |
| Enugu (Enugu State) | ₦1200 |
| Ibadan (Oyo State) | ₦1200 |
| Abeokuta (Ogun State) | ₦1200 |
| Benin City (Edo State) | ₦1200 |
| Onitsha (Anambra) | ₦1200 |
| Warri (Delta State) | ₦1200 |
| Sokoto (Sokoto State) | ₦1200 |
| Jos (Plateau State) | ₦1200 |
| Maiduguri (Borno) | ₦1200 |
| Yola (Adamawa State) | ₦1200 |
| Owerri (Imo State) | ₦1200 |
| Calabar (Cross River) | ₦1200 |
| Uyo (Akwa Ibom State) | ₦1200 |
| Ilorin (Kwara State) | ₦1200 |
| Bauchi (Bauchi State) | ₦1200 |
| Minna (Niger State) | ₦1200 |
| Gombe (Gombe State) | ₦1200 |
| Osogbo (Osun State) | ₦1200 |
| Ado-Ekiti (Ekiti State) | ₦1200 |
This table highlights the varying cost of fuel across different regions in Nigeria. Cities like Lagos and Abuja tend to have more stable fuel prices due to their larger distribution networks, while cities in the northern regions like Maiduguri and Yola tend to experience higher prices due to logistical challenges in fuel distribution.
The rising fuel prices in Nigeria have caused widespread concern. The cost of living has increased, transportation fares have gone up, and the price of essential goods has also surged. Many businesses have been affected by the current fuel price in Nigeria, with operational costs rising, leading to a trickle-down effect on consumers.
The petrol price hike in Nigeria is a reflection of broader economic challenges, including the devaluation of the naira, rising inflation, and the need to reform the fuel subsidy system. Many Nigerians are finding it increasingly difficult to cope with the increasing cost of fuel, especially in cities where the NNPC price of fuel per litre in Nigeria is significantly higher.
In addition, the removal of subsidies, while intended to stabilize the fuel market, has placed an additional financial burden on Nigerians. In places like Sokoto, Bauchi, and Gombe, where the price of fuel per litre can reach as high as ₦1500, the effect on local economies is profound. This has led to calls for the government to introduce measures to ease the impact on ordinary citizens.
Current Fuel price in Nigeria today remain a central issue for both the government and citizens. The current fuel price trends reflect the complexities of the Nigerian fuel market, from the influence of global oil prices to the impact of local distribution challenges. As the country continues to grapple with these challenges, keeping track of the price of fuel per litre in Nigeria across different states is essential for understanding the broader economic implications. Let us know how much fuel is selling in your area, tell us in the comment section.