Palm Oil price in Lagos today
Palm Oil costs a median of ₦4,500 per 1litre across 3 markets in Lagos State as of 30 October 2026. Prices range from ₦2,000 at Century Market to ₦4,900 at Mushin Market. The price has fallen 27.8% over the past 90 days.
Median price · Lagos State
₦4,500per 1litre
-27.8%over 90 days
- Lowest
- ₦2,000 Century Market
- Typical range
- ₦3,250 – ₦4,700 middle 50% of markets
- Highest
- ₦4,900 Mushin Market
- Markets covered
- 3 mean ₦3,800
Latest insights
Palm Oil prices at Lagos markets
| Market | State | Price per 1litre | vs cheapest | Insight date |
|---|---|---|---|---|
| Century Market | Lagos | ₦2,000 | cheapest | |
| Ajah Market | Lagos | ₦4,500 | +125% | |
| Mushin Market | Lagos | ₦4,900 | +145% |
Price history — last 90 days
Median price moved from ₦4,500 per 1litre in 10 Aug 2026 to ₦3,250 in 28 Oct 2026.
View the weekly figures
| Week of | Median | Lowest | Highest | Observations |
|---|---|---|---|---|
| ₦4,500 | ₦4,000 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦3,750 | ₦3,000 | ₦4,500 | 6 | |
| ₦3,750 | ₦3,000 | ₦4,500 | 6 | |
| ₦4,050 | ₦3,500 | ₦4,500 | 6 | |
| ₦4,150 | ₦3,600 | ₦4,500 | 6 | |
| ₦4,500 | ₦3,800 | ₦4,500 | 5 | |
| ₦4,250 | ₦2,000 | ₦4,500 | 8 | |
| ₦4,500 | ₦2,000 | ₦4,800 | 8 | |
| ₦4,500 | ₦2,500 | ₦5,000 | 8 | |
| ₦4,500 | ₦2,000 | ₦4,900 | 9 | |
| ₦3,250 | ₦2,000 | ₦4,500 | 4 |
Understanding Palm Oil prices in Lagos State
Why Palm Oil prices vary so much
Palm Oil costs 145% more at Mushin Market (₦4,900) than at Century Market (₦2,000) — a difference of ₦2,900 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.
Is Palm Oil getting more expensive?
Over the last 90 days the median price has fallen from ₦4,500 to ₦3,250 per 1litre — a change of 27.8%. Prices easing usually reflects harvest supply reaching the markets, and that window does not always last.
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.
All figures are medians of prices recorded in Nigerian markets, published in Naira.