Vegetable Oil price in Lagos today
Vegetable Oil costs a median of ₦4,000 per 1litre across 3 markets in Lagos State as of 4 November 2026. Prices range from ₦2,500 at Century Market to ₦4,500 at Ajah Market. The price has fallen 5.6% over the past 90 days.
Median price · Lagos State
₦4,000per 1litre
-5.6%over 90 days
- Lowest
- ₦2,500 Century Market
- Typical range
- ₦3,250 – ₦4,250 middle 50% of markets
- Highest
- ₦4,500 Ajah Market
- Markets covered
- 3 mean ₦3,667
Latest insights
Vegetable Oil prices at Lagos markets
| Market | State | Price per 1litre | vs cheapest | Insight date |
|---|---|---|---|---|
| Century Market | Lagos | ₦2,500 | cheapest | |
| Mushin Market | Lagos | ₦4,000 | +60% | |
| Ajah Market | Lagos | ₦4,500 | +80% |
Price history — last 90 days
Median price moved from ₦4,500 per 1litre in 12 Aug 2026 to ₦4,250 in 2 Nov 2026.
View the weekly figures
| Week of | Median | Lowest | Highest | Observations |
|---|---|---|---|---|
| ₦4,500 | ₦4,500 | ₦4,500 | 2 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 3 | |
| ₦4,250 | ₦4,000 | ₦4,500 | 6 | |
| ₦4,250 | ₦4,000 | ₦4,500 | 6 | |
| ₦4,400 | ₦4,200 | ₦4,500 | 6 | |
| ₦4,500 | ₦4,300 | ₦4,500 | 6 | |
| ₦4,500 | ₦4,500 | ₦4,500 | 5 | |
| ₦4,500 | ₦2,000 | ₦4,800 | 8 | |
| ₦4,500 | ₦2,000 | ₦4,900 | 8 | |
| ₦4,500 | ₦2,500 | ₦4,900 | 8 | |
| ₦4,500 | ₦2,500 | ₦4,900 | 9 | |
| ₦3,500 | ₦2,500 | ₦4,500 | 4 | |
| ₦4,250 | ₦4,000 | ₦4,500 | 4 |
Understanding Vegetable Oil prices in Lagos State
Why Vegetable Oil prices vary so much
Vegetable Oil costs 80% more at Ajah Market (₦4,500) than at Century Market (₦2,500) — a difference of ₦2,000 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 Vegetable Oil getting more expensive?
Over the last 90 days the median price has fallen from ₦4,500 to ₦4,250 per 1litre — a change of 5.6%. Prices easing usually reflects harvest supply reaching the markets, and that window does not always last.
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.