This post was originally published on this site.
The NBS has revealed that Nigerians paid an average of N1,596.25 per litre for petrol in May 2026Edo, Bauchi, and Benue recorded the highest petrol prices as consumers faced rising fuel costsThe South-South recorded the highest average petrol price, while the North-West had the lowest in May
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics (NBS) has revealed that the average retail price of Premium Motor Spirit (PMS), commonly known as petrol, increased by 55.31% year-on-year to N1,596.25 per litre in May 2026.
According to the latest petrol price watch report released by the statistics agency, the figure rose from N1,027.76 per litre recorded in May 2025.
Edo, Bauchi, Benue top states with highest petrol prices Photo: NBSSource: Getty Images
The report also showed that petrol prices increased by 4.13% month-on-month, rising from
