The average retail price paid by consumers for Premium Motor Spirit (Petrol) for the month of June 2024 was N750.17, indicating a 37.44% increase when compared to the value recorded in June 2023 (N545.83). Likewise, comparing the average price value with the previous month (.i.e. May 2024), the average retail price decreased by 2.53% from N769.62.
On State profile analysis, Benue State had the highest average retail price for Premium Motor Spirit (Petrol), at N854.55, Jigawa and Rivers States were next, with N847.00 and N810.00, respectively. On the other side, Lagos, Kwara, and Ogun States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N626.94, N650.00, and N670.63 respectively. Lastly, on the Zonal profile, the South-South Zone had the highest average retail price of N794.64, while the South-West Zone had the lowest price of N696.42. 

Data source: National Bureau of Statistics

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