Premium Motor Spirit (Petrol) Price Watch (October 2021)
The average price paid by consumers for premium motor spirit (petrol) increased by 2.75% on year-onyear basis to N165.60 in October 2021 when compared to the valued in October 2020 (N161.17).
The value also increased on month-on-month basis to N165.60 in October 2021 N164.85 from showing an increase of 0.46% when compared to the value recorded in September 2021.
States with the highest average price of premium motor spirit (petrol) were Plateau (N172.43), Nasarawa (N170.45) and Abia (N170.25). States with the lowest average price of premium motor spirit (petrol) were Yobe (N159.86), Kwara (N160.00) and Lagos (N162.67). Likewise, the highest average price was recorded in the South East zone (N167.32) while the North East had the least average price (N164.46) in October 2021.
Data source: National Bureau of Statistics