The average retail price paid by consumers for Premium Motor Spirit (Petrol) for September 2024 was N1030.46, indicating a 64.55% increase compared to the value recorded in Sep tember 2023 (N626.21). Likewise, comparing the average price value with the previous month (.i.e. August 2024), the average retail price increased by 24.08% from N830.46. On State profile analysis, Katsina State had the highest average retail price for Premium Mo tor Spirit (Petrol), at N1096.15, Ebonyi and Akwa Ibom States were next, with N1090.94 and N1085.71, respectively. Conversely, Yobe, Sokoto, and Kebbi States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N939.38, N961.67, and N986.67 respective ly. Lastly, on the Zonal profile, the North-West Zone had the highest average retail price of N1036.52, while the North-East Zone had the lowest price of N1014.55.

Data source: National Bureau of Statistics

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