The National Bureau of Statistics (NBS) has stated that the average retail price of a litre of petrol increased from N254.06 in April 2023 to N701.24 in April 2024.
In its ‘Premium Motor Spirit (Petrol) Price Watch (April 2024)’, released on Tuesday, the NBS said the rise signifies a 176.02 per cent year-on-year increase.
It also said the price increased by 0.64 per cent from N696.79 the previous month.
In the state profile analysis, the bureau disclosed that Kogi recorded the highest average retail price for petrol at N797.78; while Nasarawa and Zamfara states were next, with N778.89 and N754.29, respectively.
Conversely, Lagos, Niger and Ogun States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N602.55, N633.75 and N647.14 respectively.
On Zonal profile, the North East Zone had the highest average retail price of N734.70, while the South West Zone had the lowest price of N655.66.”
