Nigeria's Petrol Prices Surge 22.55% in March 2026

According to a report by the National Bureau of Statistics (NBS), petrol prices in Nigeria saw a significant increase of 22.55% in March 2026 compared to the previous year. The average retail price of petrol reached ₦1,261.65, with Anambra State recording the highest average price at ₦1,441.22.

Other states with high prices included Sokoto at ₦1,377.55 and Borno at ₦1,375.16. Conversely, Lagos, Ogun, and Kaduna had the lowest average prices, recorded at ₦1,162.71, ₦1,169.78, and ₦1,193.40, respectively.

The report also highlighted that the average retail price of diesel increased by 3.05% year-on-year, reaching ₦1,648.08 per litre. The top three states with the highest diesel prices were Ebonyi at ₦2,262.29, Akwa Ibom at ₦1,895.72, and Osun at ₦1,872.15.

Additionally, the report noted a month-on-month increase of 16.05% in diesel prices from February 2026.