The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, rose to N1,037.66 in June 2025, marking a 38.32% year-on-year increase from N750.17 recorded in June 2024.

On a month-on-month basis,  price of the product rose by 0.96% from N1,027.76 in May 2025.

The National Bureau of Statistics (NBS), released the information in its latest communication themed “Premium Motor Spirit (Petrol) Price Watch” on Thursday.

The data further shows that Jigawa state had the highest average retail price for PMS at N1107.52.

The Bureau reported that Ondo and Lagos States recorded the next highest average retail prices for Premium Motor Spirit (petrol) in June 2025, at N1,104.80 and N1,100.29, respectively.

Conversely, Yobe, Kogi, and Imo States posted the lowest average prices, at N950.60, N986.67, and N987.86, respectively.

Zonal breakdown revealed that the North-West recothe highest average retail price at N1,062.84, while the North-East had the lowest at N1,020.15. The North-Central zone averaged N1,021.83, and the South-East stood at N1,043.18 for the same period.

According to the NBS, the report shows the continued volatility in fuel prices across the country, despite recent efforts to stabilise the downstream petroleum sector.