NBS: Petrol price rises 55% to N1,596 per litre in May

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NBS: Petrol price rises 55% to N1,596 per litre in May

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The average retail price of petrol in Nigeria rose sharply by 55.31% year-on-year to N1,596.25 per litre in May 2026. This significant increase reflects ongoing changes in fuel pricing within the country.

The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31% year-on-year to N1,596.25 per litre in May 2026. The post NBS: Petrol price rises 55% to N1,596 per litre in May appeared first on Nairametrics.

Markets Commodities Energy Nigeria petrol price fuel inflation energy market Premium Motor Spirit

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