The typical retail worth of diesel rose in October 2025, climbing by 9.45 p.c month-on-month to N1,398.57 per litre.
That is based on the newest Automotive Fuel Oil (Diesel) Value Watch launched by the Nationwide Bureau of Statistics (NBS).
This marks a notable improve from the N1,277.81 per litre recorded in September 2025.
Regardless of the month-on-month surge, diesel costs had been barely decrease than they had been a 12 months earlier.
The NBS report exhibits a 2.96 p.c year-on-year decline, dropping from N1,441.28 per litre in October 2024 to N1,398.57 in October 2025.
The pattern displays ongoing fluctuations in world oil costs, international alternate pressures, and home provide challenges that proceed to form the native vitality market.
Enugu, Niger, Jigawa report highest costs
In response to the NBS, Enugu recorded the best common worth at N1,468.29 per litre, adopted intently by Niger at N1,465.69 and Jigawa at N1,437.40.
These states stay among the many areas the place logistics constraints, longer provide routes, and market inefficiencies are likely to push up gas prices.
Conversely, the bottom costs had been recorded in Katsina (N1,301.24), Edo (N1,307.84), and Kebbi (N1,308.94), the place improved provide entry and aggressive market situations seem to have saved costs beneath the nationwide common.
The report additionally highlights zonal variations in diesel pricing. The South East zone posted the best regional common at N1,415.85 per litre, whereas the South South zone recorded the bottom at N1,387.18.
These variations show the uneven distribution of gas provide infrastructure and the various impacts of transportation prices throughout Nigeria’s geopolitical zones.
What this implies
Diesel stays a vital vitality supply for transportation, manufacturing, and personal energy technology. A virtually 10 p.c worth improve in only one month means companies—particularly SMEs—will face larger manufacturing and logistics prices. This may increasingly result in elevated costs of products and companies, additional fuelling inflationary pressures.
With vans, buses, and haulage firms closely reliant on diesel, the upward worth motion will seemingly increase the price of transporting meals, uncooked supplies, and client items throughout the nation. This might worsen meals inflation and improve the price of residing, significantly in areas removed from provide hubs.
The broad worth gaps between states and areas present persistent structural points in gas distribution. States within the South East and elements of the North bearing larger prices might expertise deeper financial pressure in comparison with zones the place costs stay beneath common.
What you must know
In October, President Bola Tinubu accepted a 15 p.c ad-valorem import obligation on diesel and premium motor spirit (PMS), generally referred to as petrol.
A couple of days later, BusinessTimes reported that the federal authorities had suspended its implementation.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stories that Nigerians consumed a mean of 17.13 million litres of diesel every day in October.
