Palm Oil price in Lagos today
Palm Oil costs a median of ₦1,850 per 1litre across 4 markets in Lagos State as of 7 October 2026. Prices range from ₦1,500 at Mile 12 Market to ₦4,500 at Ajah Market. The price has risen 12.5% over the past 90 days.
Median price · Lagos State
₦1,850per 1litre
+12.5%over 90 days
- Lowest
- ₦1,500 Mile 12 Market
- Typical range
- ₦1,650 – ₦2,625 middle 50% of markets
- Highest
- ₦4,500 Ajah Market
- Markets covered
- 4 mean ₦2,425
Latest insights
Palm Oil prices at Lagos markets
| Market | State | Price per 1litre | vs cheapest | Insight date |
|---|---|---|---|---|
| Mile 12 Market | Lagos | ₦1,500 | cheapest | |
| Mushin Market | Lagos | ₦1,700 | +13.3% | |
| Century Market | Lagos | ₦2,000 | +33.3% | |
| Ajah Market | Lagos | ₦4,500 | +200% |
Price history — last 90 days
Median price moved from ₦4,000 per 1litre in 13 Jul 2026 to ₦4,500 in 5 Oct 2026.
View the weekly figures
| Week of | Median | Lowest | Highest | Observations |
|---|---|---|---|---|
| ₦4,000 | ₦4,000 | ₦4,000 | 3 | |
| ₦4,000 | ₦4,000 | ₦4,000 | 3 | |
| ₦4,000 | ₦4,000 | ₦4,000 | 2 | |
| ₦4,000 | ₦4,000 | ₦4,000 | 3 | |
| ₦4,500 | ₦4,000 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,500 | ₦2,000 | ₦4,500 | 5 | |
| ₦4,500 | ₦2,000 | ₦4,500 | 3 |
Understanding Palm Oil prices in Lagos State
Why Palm Oil prices vary so much
Palm Oil costs 200% more at Ajah Market (₦4,500) than at Mile 12 Market (₦1,500) — a difference of ₦3,000 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 risen from ₦4,000 to ₦4,500 per 1litre — a change of 12.5%. If you buy this regularly and have somewhere to store it, buying ahead may be worth considering.
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.