Palm Oil price in Nigeria today
Palm Oil costs a median of ₦1,800 per 1litre across 13 Nigerian markets as of 5 August 2026. Prices range from ₦1,500 at Mile 12 Market to ₦3,600 at Effurun Market.
Median price · Nigeria
₦1,800per 1litre
Stableover 90 days
- Lowest
- ₦1,500 Mile 12 Market
- Typical range
- ₦1,500 – ₦2,100 middle 50% of markets
- Highest
- ₦3,600 Effurun Market
- Markets surveyed
- 13 mean ₦2,046
Last surveyed
Palm Oil prices by market
| Market | State | Price per 1litre | vs cheapest | Surveyed |
|---|---|---|---|---|
| Mile 12 Market | Lagos | ₦1,500 | cheapest | |
| Gariki Market | Enugu | ₦1,500 | cheapest | |
| Ifo Market | Ogun | ₦1,500 | cheapest | |
| Ikare Market | Ondo | ₦1,500 | cheapest | |
| Mushin Market | Lagos | ₦1,700 | +13.3% | |
| Gboko Main Market | Benue | ₦1,800 | +20% | |
| Ahia Ohru New Market | Abia | ₦1,800 | +20% | |
| Dawanau Int. Market Yan Baka Market | Kano | ₦2,000 | +33.3% | |
| Relief Market | Imo | ₦2,000 | +33.3% | |
| Jimeta Modern Market | Adamawa | ₦2,100 | +40% | |
| Lugbe Market | Abuja | ₦2,200 | +46.7% | |
| Ogbogonogo Market | Asaba | ₦3,400 | +126.7% | |
| Effurun Market | Delta | ₦3,600 | +140% |
Price history — last 90 days
Median price moved from ₦2,000 per 1litre in 11 May 2026 to ₦2,050 in 3 Aug 2026.
View the weekly figures
| Week of | Median | Lowest | Highest | Observations |
|---|---|---|---|---|
| ₦2,000 | ₦1,400 | ₦3,800 | 33 | |
| ₦2,000 | ₦1,400 | ₦3,600 | 33 | |
| ₦2,000 | ₦1,400 | ₦3,600 | 28 | |
| ₦2,000 | ₦1,300 | ₦3,600 | 33 | |
| ₦2,000 | ₦1,300 | ₦3,600 | 33 | |
| ₦1,800 | ₦1,300 | ₦3,500 | 14 | |
| ₦1,900 | ₦1,300 | ₦3,500 | 22 | |
| ₦1,900 | ₦1,300 | ₦3,500 | 27 | |
| ₦2,000 | ₦1,300 | ₦3,500 | 30 | |
| ₦1,900 | ₦1,300 | ₦3,500 | 22 | |
| ₦2,000 | ₦1,300 | ₦3,500 | 23 | |
| ₦2,000 | ₦1,500 | ₦3,600 | 30 | |
| ₦2,050 | ₦1,500 | ₦3,600 | 12 |
Understanding Palm Oil prices in Nigeria
Why Palm Oil prices vary so much
Palm Oil costs 140% more at Effurun Market (₦3,600) than at Mile 12 Market (₦1,500) — a difference of ₦2,100 per 1litre for the same item.
Most of that gap is transport and distance from where the item is produced or landed. Market size matters too: high-turnover markets buy in larger volumes and sell on thinner margins, while smaller neighbourhood markets carry the cost of a shorter supply chain. Whether a market is primarily wholesale or retail can account for much of the rest.
Which unit is Palm Oil sold in?
Markets report Palm Oil in 1litre, 5litres, 25litres. We never average across units — a price per 1litre and a price per 5litres are different figures, and treating them as one number produces something meaningless. Compare like with like, and check the unit before assuming one market is cheaper than another.
Where can you buy Palm Oil cheapest?
The lowest recorded price is ₦1,500 per 1litre at Mile 12 Market in Lagos. We currently track Palm Oil across 12 states, with the widest coverage in Lagos, Ondo, Asaba. Prices below are the most recent survey from each market — always confirm before travelling for a difference that transport would cancel out.
All figures are medians of prices recorded in Nigerian markets, published in Naira.
Palm Oil price by unit
per 1litre
₦1,800
₦1,500 – ₦3,600 · 13 markets
per 5litres
₦9,000
₦7,000 – ₦12,000 · 12 markets
per 25litres
₦47,500
₦32,000 – ₦60,000 · 11 markets
Palm Oil prices by state
Prices vary considerably by state, mostly with distance from producing regions and transport costs.