Tuesday, April 23, 2024

Petrol price increased from N257 in 2023 to N668 in 2024: NBS

NBS says the average retail price of a litre of petrol increased from N257.12 in January 2023 to N668.30 in January 2024.

• February 22, 2024
Fuel pump
Fuel pump

The National Bureau of Statistics says the average retail price of a litre of petrol increased from N257.12 in January 2023 to N668.30 in January 2024.

The bureau stated this in its Petrol Price Watch for January 2024, released in Abuja on Thursday.

It said the January 2024 price of N668.30 represented a 159.92 per cent increase over the price of N257.12 recorded in January 2023.

Comparing the average price value with the previous month of December 2023, the average retail price increased by 0.53 per cent from N671.86. 

On state profile analysis, Kebbi paid the highest average retail price of N796.67 per litre, followed by Zamfara and Taraba at N771.43 and N704.11, respectively.

Kwara, Niger and Kogi paid the lowest average retail price at N614.90, 624.04 and 626.79 respectively, the bureau stated.

According to the organisation, analysis by zones shows that the North-West zone recorded the highest average retail price in January 2024 at N701.60, while the North-Central recorded the lowest price at N632.86 per litre. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

FRSC

Lagos

Lagos recorded 111 road crashes, 17 deaths in three months: FRSC

“Not that accidents will not happen, but we are pushing for zero fatality,’’

Map of Ethiopia

Africa

Armed clashes in northern Ethiopia leave 50,000 homeless

The displaced were seeking refuge in the towns of Kobo and Sekota in the Amhara region.

EFCC

NationWide

Protesters against EFCC over Yahaya Bello’s prosecution not lawyers, says NBA

The NBA said that the supposed leader or convener of the group, Sylvanus Alewu, was not a name known to it.

NSCDC officials on duty used to illustrate the story

States

NSCDC parades suspected oil thieves in Delta

The commandant said his men were on the trail of the suspects before their arrest.