Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for the month of April 2024 was N701.24, indicating a 176.02% increase when compared to the value recorded in April 2023 (N254.06). Likewise, comparing the average price value with the previous month (.i.e. March 2024), the average retail price increased by 0.64% from N696.79. On State profile analysis, Kogi State had the highest average retail price for Premium Motor Spirit (Petrol), at N797.78, Nasarawa and Zamfara States were next, with N778.89 and N754.29, respectively. On the other side, Lagos, …