The National Bureau of Statistics (NBS), the average retail liter petrol price surged from N257.12 in January 2023 to N668.30 in January 2024.
This significant increase was highlighted in the NBS’s Petrol Price Watch report for January 2024, released in Abuja on Thursday.
The NBS noted that the January 2024 petrol price of N668.30 reflected a staggering 159.92 percent rise compared to the price of N257.12 recorded in January 2023.
“Comparing the average petrol price value with the previous month of December 2023, the average retail price increased by 0.53 per cent from N671.86.
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“On state profile analysis, Kebbi paid the highest average retail price of N796.67 per litre, followed by Zamfara and Taraba at N771.43 and N704.11 respectively.
“Conversely, Kwara, Niger and Kogi paid the lowest average retail price at N614.90, 624.04 and 626.79 respectively,” the bureau stated.
According to the organisation, analysis by zones shows that the North-West zone recorded the highest average retail price in January 2024 at N701.60, while the North-Central recorded the lowest price at N632.86 per litre.
The Bureau of Statistics provides comprehensive, timely, relevant, responsive and customer focused Statistical Information relating to the social and economic activities as well as conditions of the inhabitants of Nigeria. Vigorously collaborate with all the tiers of Government and their agencies in the production of administrative statistics; coordinate statistical orderliness; and promote general use of statistical standards.
NAN
