PMS (Premium Motor Spirit) — GASOLINE_RETAIL_NG_NGN
Data unavailable
per litre
Nigeria Fuel Market
Nigeria, Africa's largest oil producer, paradoxically imported most of its refined petroleum due to refinery under-investment. The government subsidized PMS for decades, creating massive fiscal pressure. President Tinubu removed fuel subsidies in May 2023, causing PMS prices to surge from ~NGN 185/litre to over NGN 600/litre. The Dangote Refinery (1.4M bbl/day capacity) started operations in 2024, potentially reducing import dependence.
Nigeria tracks monthly national average PMS (Premium Motor Spirit / petrol) prices through NBS surveys. After subsidy removal in 2023, prices have increased significantly.
Data Details
- Regulatory Body
- NBS (National Bureau of Statistics) / NNPC
- Update Frequency
- Monthly
- Currency
- NGN
- Unit
- Per litre
- Capital
- Abuja
- Population
- 220M
API Access
# PMS (Premium Motor Spirit)
GET https://api.oilpriceapi.com/v1/prices/latest?by_code=GASOLINE_RETAIL_NG_NGN