Average price of petrol stood at N1184.83/litre in October 2024, says NBS

The National Bureau of Statistics (NBS) has disclosed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) for October 2024 was N1184.83.

This is a 87.88 per cent increase compared to the N630.63 per litre recorded in October 2023

According to the report, comparing the average price value with the previous month, the average retail price increased by 14.98per cent from N1030.46.

NBS stated that “On State profile analysis, Ebonyi State had the highest average retail price for Petrol, at N1292.86, Jigawa and Borno States were next, with N1288.18 and N1283.79, respectively.

“Conversely, Delta, Nasarawa, and Lagos States had the lowest average retail prices for Petrol, at N1,050.00, N1,063.68, and N1,080.95 respectively.

“Lastly, on the Zonal profile, the South East Zone had the highest average retail price of N1256.76, while the North-Central Zone had the lowest price of N1132.94.”