National Bureau of Statistics has reported a sharp rise in the cost of diesel across Nigeria, with the average retail price increasing by 23.98 per cent over the past year.
Gatekeepers News reports that according to the bureau’s latest Automotive Gas Oil Price Watch, the average price of diesel stood at N1,813.81 per litre in June 2025, compared with N1,462.98 per litre recorded in the same period last year. The data also showed a month-on-month increase of 3.16 per cent from N1,758.26 per litre in May 2025.
The NBS explained that the figures were gathered from fuel outlets in all 36 states and the Federal Capital Territory, covering the country’s 774 local government areas. The survey involved thousands of households and businesses, with prices based on what consumers actually paid at the point of purchase, under a nationwide monitoring process.
Diesel continues to play a major role in Nigeria’s energy mix, especially as many homes, small enterprises, and industries rely heavily on generators due to unstable power supply from the national grid. As a result, movements in diesel prices often affect transportation costs, food prices, and general business expenses.
Findings from the report showed significant price differences across states. Benue State recorded the highest average price at N2,541.46 per litre in June, followed by Adamawa State at N2,355.32 and Plateau State at N2,236.42. On the other hand, Ondo State had the lowest average price at N1,365.71 per litre, with Anambra and Kogi States also recording relatively lower prices.
At the zonal level, the South South recorded the highest average diesel price at N1,963.86 per litre, while the South West had the lowest at N1,618.74 per litre, reflecting uneven fuel costs across the country.
The June increase follows a similar trend earlier in the year. In May 2025, diesel sold at an average of N1,758.26 per litre, marking a 25.24 per cent rise compared with May 2024.
NBS said the monthly publication is part of its effort to provide up-to-date data on fuel prices to aid economic planning, policy decisions and public awareness of market conditions.
