The average retail price of diesel in Nigeria dropped by 2.57% compared to last year, according to the National Bureau of Statistics (NBS). In November 2025, diesel sold for N1,409.61 per litre, down from N1,446.83 in November 2024.
On a monthly basis, however, prices edged up 0.79%, rising from N1,398.57 in October to N1,409.61 in November. The data highlights both easing and volatility in fuel costs, which affect transportation, manufacturing, and private power generation nationwide.
State-level analysis shows wide disparities. Niger State recorded the highest average price at N1,477.57 per litre, followed by Jigawa (N1,477.31) and Enugu (N1,468.29). The lowest prices were in Kebbi (N1,308.94), Katsina (N1,315.78), and Nasarawa (N1,325.29). Regional figures show the South East with the highest average (N1,419.34) and the South South the lowest (N1,400.58).
Energy expert Dare Awoyemi said, “Diesel costs are highly sensitive to global crude oil prices, foreign exchange fluctuations, and domestic distribution efficiency. The slight month-on-month increase may reflect emerging supply pressures or heightened demand as economic activity expands.”
Historically, Nigeria has struggled with refining limitations and fuel import logistics, creating regional price gaps. Analysts warn these differences can affect local economies, with higher-priced northern states potentially facing deeper economic strain.
The year-on-year decline offers some relief for households and businesses reliant on diesel for transport and power. Yet, the modest monthly rise underlines the continuing volatility in the market. Experts argue that policy and infrastructure improvements are essential to stabilize fuel prices, control inflation, and support economic growth.
In October, diesel prices had risen to N1,398.57 per litre, up from N1,277.81 in September. Around the same period, President Bola Tinubu approved a 15% ad-valorem import duty on diesel and petrol, but the federal government suspended its implementation days later.
Read also: Nigeria halts planned 15% import duty on petrol, diesel
