How diesel prices rose to N1,750 per litre in six Nigerian states

• The terms of diesel deed a caller precocious successful May, according a caller information released by the National Bureau of Statistics (NB)
• The NBS study disclosed that diesel saw a 25.24% ascent successful May 2025, comparative to N1,403.96 per litre recorded successful May 2024
• Consumers successful the North, particularly Benue, Adamawa, and Plateau, saw the highest diesel prices astatine N2,441 per litre

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The mean terms of diesel successful Nigeria continued to ascent successful May 2025, hitting N1,758.26 per litre, according to the latest information from the National Bureau of Statistics.

The caller complaint is simply a 25.24% yearly spike comparative to N1,403.96 per litre recorded successful the aforesaid play past year.

Diesel prices deed a caller precocious successful May contempt Dangote's slash. Credit: Bloomberg/Contributor
Source: Getty Images

Diesel: Which states paid the highest prices

Monthly, prices climbed by 2.08%, from N1.22.45 successful April 2025, showing persistent pressures successful the market.

NBS information showed that diesel prices varied nationwide, with Benue paying the highest mean retail terms successful May astatine N2,441 per litre, followed by Adamawa astatine N2,350.32, and Plateau astatine N2,201.52.

In contrast, consumers down southbound paid less, with Ondo State signaling the lowest terms astatine N1,318.40 per litre, arsenic Kogi and Anambra states recorded little prices astatine N1,360 and N1,361, respectively.

Which portion recorded the lowest prices?

The North Central posted the highest mean diesel terms astatine N1,920 per litre owed to elevated prices successful states similar Benue and Plateau.

The South West saw the lowest zonal mean terms astatine N1,553.19, owed to unchangeable pricing successful Ondo and Lagos.

Experts person said that respective factors are liable for the precocious diesel prices successful the country, including proviso concatenation disruptions, speech complaint fluctuations, and rising crude lipid prices.

Why are diesel prices rising?

Additionally, logistics challenges, particularly successful the North, proceed to worsen determination terms disparity owed to expanding organisation costs.

Due to this, transporters, manufacturers, and end-users proceed to consciousness the vigor with rising operational costs crossed respective sectors.

Nigeria’s diesel marketplace is experiencing upward pressure, with determination differences expanding the cost-of-living concerns.

However, experts person said that the planned nationwide substance organisation by Dangote Refinery volition easiness diesel prices.

Dangote Refinery to the rescue?

The mega refinery plans to disrupt substance disruption successful Nigeria, with a direct-to-consumer model, offering escaped logistics and recognition facilities.

To execute this, the installation has acquired 4,000 CNG-powered trucks valued astatine N720 cardinal to transport substance straight to end-users.

While accepted marketers person raised eyebrows implicit the refinery’s plans, energy analysts person hailed the determination arsenic a game-changer successful the downstream petroleum sector.

Aliko Dangote's refinery moves to alteration the downstream sector. Credit: Bloomberg/Contributor
Source: UGC

They accidental that the exemplary volition importantly little substance costs by reducing logistics expenses, particularly successful the acold North, the South East and South-South, wherever substance inactive sells astatine prices.

Depot owners lucifer Dangote Refinery’s N840/L

Legit.ng earlier reported that petrol prices person taken a caller twist successful Nigeria’s downstream petroleum assemblage arsenic backstage depot owners person slashed their petrol ex-depot prices to N840 per litre to lucifer the complaint of Dangote Refinery.

The terms chopped has sparked a caller question of contention successful the market, reshaping the proviso premix and stoking fears of a terms war.

Legit.ng antecedently reported that connected June 30, 2025, the 650,000 bpd-capacity refinery slashed its ex-depot terms from N880 to N840 per litre.

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Source: Legit.ng