Petrol price N679.36 per litre in February: NBS

The National Bureau of Statistics says the average retail price of a litre of petrol increased from N263.76 in February 2023 to N679.36 in February 2024.
The bureau said this in its Petrol Price Watch for February 2024, released on Wednesday.
It said that the February 2024 price of N679.36 represented a 157.57 per cent increase over the price of N263.76 recorded in February 2023.
Compared with the average price value in the previous month of January 2024, the average retail price increased by 1.66 per cent from N668.30.
On state profile analysis, Zamfara paid the highest average retail price of N750.43 per litre, followed by Kebbi and Taraba at N746.67 and N710.56, respectively.
Conversely, Kwara, Ogun, and Benue paid the lowest average retail price at N650.00, N650.83, and N652.73, according to the NBS.
The report said that the analysis by zones showed that the North-West zone recorded the highest average retail price in January 2024 at N701.20, while the South-West recorded the lowest price at N657.20 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

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
NSA hands over 59 rescued kidnap victims to Kaduna govt
Mr Ribadu commended the security forces led by the 1 Division of the Nigerian Army.

World
Putin considers peace talks with Ukrainian president
Mr Zelensky recently said that he was willing to talk to Mr Putin.

NationWide
789 ex-terrorists undergoing de-radicalisation, rehabilitation and reintegration: CDS
The CDS stated that more than 120,000 insurgents and their families had surrendered since the inception of the programme.

States
Police arraign electrician over alleged theft of water pumping machine
Mr Osho said that the defendant conspired with a scavenger, and stole his water pumping machine, valued N850,000.

States
Police say six died in Osun LG crisis, sue for peace
Ms Opalola said that several people also sustained injuries during the crisis.

NationWide
Man arraigned for allegedly sending ex-lover’s sex video to husband
Mr Opaleye said Oluwatomisin conducted himself in a manner likely to cause a breach of peace.