The average retail price paid by consumers for Premium Motor Spirit (Petrol) for October 2024 was N1184.83, indicating a 87.88% increase compared to the value recorded in Octo ber 2023 (N630.63). Likewise, comparing the average price value with the previous month (.i.e. September 2024), the average retail price increased by 14.98% from N1030.46.

On State profile analysis, Ebonyi State had the highest average retail price for Premium Motor Spirit (Petrol), at N1292.86, Jigawa and Borno States were next, with N1288.18 and N1283.79, respectively. Conversely, Delta, Nasarawa, and Lagos States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N1,050.00, N1,063.68, and N1,080.95 respectively. Lastly, on the Zonal profile, the South East Zone had the highest average retail price of N1256.76, while the North-Central Zone had the lowest price of N1132.94.

Data source: National Bureau of Statistics

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