Eko Hot Blog reports that the National Bureau of Statistics (NBS) says the average retail price paid by consumers for Premium Motor Spirit (NBS), better known as Petrol, in November 2022, was N202.48.
The bureau made the disclosure in its PMS Price Watch Report for November 2022 released on Monday.
According to the NBS, November’s average retail price for petrol indicated a 3.68% increase from N195.29 recorded in October 2022.
“The average retail price paid by consumers for Premium Motor Spirit (Petrol) for November 2022 was N202.48, indicating a 29.81% increase when compared to the value recorded in November 2021 (N167.60),” the agency’s report reads.
“Likewise, comparing the average price value with the previous month (.i.e., October 2022), the average retail price increased by 3.68% from N195.29.”
On the States profiles analyses, Kwara State had the highest average retail price for Premium Motor Spirit (Petrol), at N217.14, according to NBS.
Enugu and Gombe States were next, with N215.71 and N215.00, respectively.
“On the other side, Ekiti, Akwa Ibom and Delta States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N189.06, 189.33 and 190.00, respectively,” the bureau said.
“Lastly, on the zonal profile, the North-Central zone had the highest average retail price of N207.35, while the South-South zone had the lowest price of N194.58.”
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