The average price paid by consumers for premium motor spirit (petrol) increased by 0.04% on year-onyear basis to N165.77 in December 2021 when compared to the valued in December 2020 (N165.70). The value decreased on month-on-month basis to N165.77 in December 2021 from N167.60, showing a decrease of -1.09% when compared to the value recorded in November 2021.
States with the highest average price of premium motor spirit (petrol) were Ebonyi (N170.43), Kogi (N168.92) and Jigawa (N168.80). States with the lowest average price of premium motor spirit (petrol) were Kano (N163.57), Ogun (N163.00) and Zamfara (N167.50). Likewise, the highest average price was recorded in the South East zone (N167.38) while the South West had the least average price (N164.87) in December.
Data source: National Bureau of Statistics