Vegetable Oil price in Nigeria today

Why Vegetable Oil prices vary so much

Vegetable Oil costs 233% more at Ogbogonogo Market (₦5,000) than at Mile 12 Market (₦1,500) — a difference of ₦3,500 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 Vegetable Oil getting more expensive?

Over the last 90 days the median price has risen from ₦2,500 to ₦2,800 per 1litre — a change of 12%. If you buy this regularly and have somewhere to store it, buying ahead may be worth considering.

Which unit is Vegetable Oil sold in?

Markets report Vegetable 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 Vegetable Oil cheapest?

The lowest recorded price is ₦1,500 per 1litre at Mile 12 Market in Lagos. We currently track Vegetable Oil across 12 states, with the widest coverage in Lagos, Enugu, Kano. Prices below are the most recent survey from each market — always confirm before travelling for a difference that transport would cancel out.