The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N254.06 in April 2023 to N701.24 in April 2024.
The bureau said this in its Petrol Price Watch for April 2024, released in Abuja on Tuesday.
It said that the April 2024 price of N701.24 represented a 176.02 per cent increase over the price of N254.06 recorded in April 2023.
“Comparing the average price value with the previous month of March 2024, the average retail price increased by 0.64 per cent from N696.79.
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“On state profile analysis, Kogi paid the highest average retail price of N797.78 per litre, followed by Nasarawa and Zamfara at N778.89 and N754.29, respectively.
“Conversely, Lagos, Niger and Ogun paid the lowest average retail price at N633.75 and N647.14,” the bureau said.
The report said analysis by zones showed that the North-East zone recorded the highest average retail price in March 2024 at N734.70, while the South-West recorded the lowest price at N655.66 per litre.
The National Bureau of Statistics (NBS) came into being with the merger of the Federal Office of Statistics (FOS) and the National Data Bank (NDB).
The creation was part of the implementation of the Statistical Master Plan (SMP), a programme document of the Federal Government of Nigeria (FGN).
NAN
