April 16, 2024

Nigerians paid more to buy petrol in February -NBS


Adebayo Obajemu

It appears there’s no let up to the suffering of Nigerians amidst government’s policies that are shorn of human face, as grimmer data released by the National Bureau of Statistics has shown that Nigerians predictably paid more to buy petrol in the month of February 2024 .

The data revealed that the price of a litre of petrol jumped by 157.57% when compared to what was paid in same month in 2023 . The highest petrol price in the month of February according to the report was recorded in Zamfara State, closely followed by Kebbi and Taraba States

The National Bureau of Statistics insists that the average retail price of a litre of the Premium Motor Spirit, popularly known as petrol, was upped to N679.36 per litre in February 2024. This stands for a 157.57% increase when compared with N263.76 per liter average price recorded in February 2023.

When compared to the January 2024 petrol price of N668.30, the February price reflects a 1.66% increase.

A breakdown of states analysis and it showed that northern states motorist paid more to buy petrol. Zamfara had the highest average retail price for Premium Motor Spirit (Petrol), at N750.43, Kebbi and Taraba States were next, with N746.67 and N710.56, respectively On the other side, Kwara, Ogun and Benue States had the lowest average retail prices for petrol, at N650.00, 650.83 and 652.73 respectively. Also, on Zonal profile, the North West Zone had the highest average retail price of N701.20, while the South West Zone had the lowest price of N657.20.

Here are the states with highest petrol prices in February 2024 Zamfara: N750.43 Kebbi: N746.67 Taraba: N710.56 Gombe: N710.00 Imo: N705.51 Jigawa: N696.43 Abia: N688.62 Bauchi: N688.57 Enugu: N688.21 Yobe: N688.20 7

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