🎧
Listen to this article
As of Monday, November 9, 2026, premium motor spirit (PMS), commonly known as petrol, is selling at an average national retail price of ₦1,307 to ₦1,378 per litre, with actual pump prices ranging between ₦1,300 and ₦1,900 per litre depending on the location and supplier.
Pricing variations persist across the 36 states and the Federal Capital Territory (FCT), driven primarily by logistics costs, retail station ownership, and regional supply chain dynamics.
Current Petrol Price Breakdown
- NNPC Retail Stations: Ranging between ₦1,355 and ₦1,435 per litre depending on the state. Stations in major coastal hubs like Lagos and Port Harcourt offer the lowest range (~₦1,355/L), while northern and inland states experience higher rates due to transport differentials.
- Independent Marketers: Retailing between ₦1,380 and ₦1,900 per litre across major cities and remote zones.
- Dangote Refinery Depot Price: The wholesale gantry price remains benchmarked at ₦1,350 per litre.
Key Factors Influencing November 2026 Prices
The current retail landscape reflects ongoing market deregulation alongside domestic refining distributions led by the Dangote Petroleum Refinery. Regional price disparities continue to affect independent station operations, particularly in inland regions where transport surcharges drive pump rates closer to the upper ₦1,900 threshold.
No Comments