The National Bureau of Statistics (NBS) has disclosed that Benue State had the highest average retail price for petrol at N854.55 in the month of June.
This is just as it said the average retail price of a litre of petrol increased to N750.17 in June — up from the N545.83 recorded in the same month last year.
The NBS made this known in its report, tagged, ‘Premium Motor Spirit (Petrol) Price Watch (June 2024)’, released on Wednesday.
This cost of the commodity in the review period signifies a 37.44 per cent year-on-year increase.
“Likewise, comparing the average price value with the previous month (.i.e. May 2024), the average retail price decreased by 2.53% from N769.62,” the report reads.
On the state profile analysis, NBS Jigawa and Rivers came next with N847 and N810, respectively, after Benue.
Conversely, Lagos, Kwara, and Ogun States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N626.94, N650.00, and N670.63 respectively,” NBS said.
“Lastly, on the Zonal profile, the South-South Zone had the highest average retail price of N794.64, while the South-West Zone had the lowest price of N696.42.”
