Vegetable Oil price in Lagos today
Vegetable Oil costs a median of ₦1,700 per 1litre across 3 markets in Lagos State as of 18 September 2026. Prices range from ₦1,500 at Mile 12 Market to ₦4,500 at Ajah Market.
Median price · Lagos State
₦1,700per 1litre
Stableover 90 days
- Lowest
- ₦1,500 Mile 12 Market
- Typical range
- ₦1,600 – ₦3,100 middle 50% of markets
- Highest
- ₦4,500 Ajah Market
- Markets covered
- 3 mean ₦2,567
Latest insights
Vegetable 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% | |
| Ajah Market | Lagos | ₦4,500 | +200% |
Price history — last 90 days
Median price moved from ₦4,500 per 1litre in 26 Jun 2026 to ₦4,500 in 14 Sept 2026.
View the weekly figures
| Week of | Median | Lowest | Highest | Observations |
|---|---|---|---|---|
| ₦4,500 | ₦4,500 | ₦4,500 | 1 | |
| ₦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 | 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 |
Understanding Vegetable Oil prices in Lagos State
Why Vegetable Oil prices vary so much
Vegetable 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.
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.
All figures are medians of prices recorded in Nigerian markets, published in Naira.