Petrol price increased to N172.61 in April: NBS
The National Bureau of Statistics (NBS) says the average retail price paid by consumers for petrol increased to N172.61 in April.
This is according to the NBS Premium Motor Spirit (Petrol) Price Watch for April 2022, released in Abuja on Tuesday.
The report said the figure indicates a 3.74 per cent increase when compared to the value recorded in April 2021 at N166.38.
“Likewise, on a month-on-month basis, the average retail price decreased by 6.85 per cent from N185.30 in March 2022, compared to the average retail price paid by consumers in April 2022.”
The report said that on state profile analysis, the highest average retail price for petrol was recorded in Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27 respectively.
On the other hand, the lowest average retail price for petrol was recorded in Ebonyi and Nasarawa with N165.00 each, followed by Lagos and Katsina with N165.13 and N165.25 respectively.
It said that the highest average retail price was recorded in the South-East zone with N183.69, while the North-Central had the least with N166.57.
The NBS revealed in its Automotive Gas Oil (Diesel) Price Watch Report for April 2022 that the average retail price of Diesel paid by consumers increased by 175.92 per cent, from N237.19 in April 2021 to N654.46 recorded in April 2022.
“On a month-on-month basis, the average retail price increased from N539.32 in March 2022, indicating a rise of 21.35 per cent when compared to the average retail price paid in April 2022.”
The report said on state profile analysis, that the state with the highest average price for Diesel in April 2022 was Osun with N707.00, followed by Abuja and Oyo with N706.00 and N704.00 respectively.
On the other hand, the state with the lowest average retail price was Yobe with N535.00, followed by Kogi and Bauchi maintaining the same retail price of N550.00 each, and Imo with N583.41.
In addition, the zone analysis shows that the average price of Diesel was highest in the South-West with N688.94, while the North-East had the lowest price with N617.11.
(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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
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.”
NationWide
PenCom advances pension administration with new reforms
Ms Oloworaran said that the commission was committed to ensuring that contributors could access their RSAs seamlessly and promptly.
States
Accountability Lab decries voter apathy, insecurity in Kaduna
Mr Abubakar said the Kaduna Stat provided platforms for citizens to participate in budget preparation and implementation.
States
Police awaiting heavy equipment to recover wreckage of NAF aircraft
The aircraft marked NAF-931 with 25 people on board on Monday plunged into a swampy area near the Naval Base in Igbokoda.
NationWide
2027: INEC’s upload of our logo ended campaign uncertainty, says NDC
We are fighters and we will fight until the end,” Mr Dickson said.
Health
Tackling DR Congo Ebola outbreak is like battling ‘megafire,’ says MSF as cases surge in North Kivu
The MSF acknowledged that it cannot respond to the crisis alone.
Africa
81% African businesses expect rise in economic activities despite AfCFTA hurdles: PAFTRAC
PAFTRAC said access to finance remains a key challenge for African countries.
