Federal finance and statistics / National Bureau of Statistics

Premium Motor Spirit (Petrol) Price Watch (October 2024)

Executive Summary 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…