Consumers paid N175.89/litre for petrol in June, says NBS
The National Bureau of Statistics (NBS) on Wednesday said the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N175.89 in June 2022 from N165.61 recorded in June 2021, indicating a 6.21per cent increase.
This was stated in the bureau’s report titled: “Premium Motor Spirit (Petrol) Price Watch.”
The report said: “Likewise, on a month-on-month basis, the average retail price increased by 1.63per cent from N173.08 in May 2022, compared to the average retail price paid by consumers in June 2022.”
The report disclosed that on state profile analysis, the highest average retail price for fuel was recorded in Sokoto with N195.55, followed by Kaduna and Adamawa with N190.80 and N190.67 respectively.
“On the other hand, the lowest average retail price for petrol was recorded in Benue with N165.00, followed by Ogun and Kebbi with N165.20 and N165.33 respectively.
“More so, the highest average retail price was recorded in the North-East zone with N182.67, while the North-Central had the least with N167.36,” the report added.
