Official NBS data · May 2026

Price of palm oil in Nigeria

National average price per 75cl bottle, how it has changed, and where it is cheapest and dearest.

National average · May 2026₦2,396.62per 75cl bottle

Change from April 2026No changewas ₦2,396.32

Change from May 2025▼ Down ₦78.463.2% lower · was ₦2,475.08

Cheapest and dearest state

CheapestAbia₦2,025.75

DearestEkiti₦2,812.07

Price history

National average per 75cl bottle, January 2024 to May 2026. Hover or tap for each month.

Average price in each geopolitical zone.

South West: ₦2,571.85

North Central: ₦2,457.30

North West: ₦2,416.10

South South: ₦2,365.50

North East: ₦2,288.33

South East: ₦2,241.39

In May 2026, the national average price of palm oil (75cl bottle) was ₦2,396.62, according to the National Bureau of Statistics.

That is 0.0% unchanged than in April 2026 (₦2,396.32) and 3.2% lower than a year earlier, in May 2025 (₦2,475.08).

Ekiti recorded the highest state average (₦2,812.07) and Abia the lowest (₦2,025.75).

By region, prices were highest in the South West (₦2,571.85) and lowest in the South East (₦2,241.39).

Since January 2024, the price has ranged from ₦1,456.72 (January 2024) to ₦2,582.35 (December 2024).

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Source: National Bureau of Statistics (NBS), Selected Food Price Watch. Figures are NBS averages of prices collected across all 36 states and the FCT, published monthly. The latest release is for May 2026. Prices in your market may differ.