Yobe, Two Other States Sell Cheapest Petrol In Nigeria – NBS

The National Bureau of Statistics (NBS) has listed Yobe, Ogun and Benue States as states that sell the cheapest petrol in Nigeria.

The price of petrol in Yobe, Ogun and Benue States was pegged at N165.36, N165.00 and N165.50 accordingly.

The NBS disclosed this in Premium Motor Spirit (Petrol) Price Watch for May 2022 released in Abuja on Saturday.

 On the other hand, Abia, Imo and Cross River sell petrol at the highest price in Nigeria with consumers paying N193.20, N188.24 and N187.65, respectively for the product.

The report showed that the highest average retail price was recorded in the South-East zone with N186.24, while the North-Central had the least with N168.20.

Read: Nigerians Consumed 54.5m Litres Of Petrol Daily In June – NNPC

The NBS revealed in its Automotive Gas Oil (Diesel) Price Watch Report for May 2022 that the average retail price of Diesel paid by consumers increased by 181.00 per cent from N238.82 in May 2021 to N671.08 recorded in May 2022.

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”On a month-on-month basis, the average retail price increased from N654.46 in April 2022, indicating a rise of 2.54 per cent when compared to the average retail price paid in May 2022.”

On a state profile analysis, the report revealed the state with the highest average price for Diesel in May 2022 was Ekiti with N716.15, followed by Osun and Oyo with N716.00 and N707.33, respectively.

Read: Buhari Apologizes Over Petrol Scarcity, Power Outage

On the other hand, it said the state with the lowest average retail price was Yobe with N560.00, followed by Bauchi and Delta with N570.00 and N624.44, respectively.

The report said the zone analysis showed that the average price of Diesel was highest in the South-West with N705.60, while the North-East had the lowest price with N639.00.


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