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Nigeria: Petrol Price Drops to ₦1,034.76 in January Amid Sustained Decline

Summary by allAfrica
Nigeria's average retail price for Premium Motor Spirit (PMS) fell to ₦1,034.76 in January 2026, continuing a downward trend that has seen consumers pay less for petrol both year-on-year (YoY) and month-on-month (MoM).

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Nigeria: Petrol Price Drops to ₦1,034.76 in January Amid Sustained Decline

Nigeria's average retail price for Premium Motor Spirit (PMS) fell to ₦1,034.76 in January 2026, continuing a downward trend that has seen consumers pay less for petrol both year-on-year (YoY) and month-on-month (MoM).

·South Africa
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Legit.ng - Nigeria news.Legit.ng - Nigeria news.

10 states with highest, lower petrol prices in Nigeria January 2026

The National Bureau of Statistics said petrol prices fell 17.77% year-on-year in January 2026, with Cross River highest and Ekiti lowest nationwide.

·Ikeja, Nigeria
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allAfrica broke the news in South Africa on Thursday, February 26, 2026.
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