Federal finance and statistics / National Bureau of Statistics

Premium Motor Spirit (Petrol) Price Watch (DECEMBER 2022)

Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for December 2022 was N206.19 per litre, indicating a 24.38% increase when compared to the value recorded in December 2021 (N165.77). Likewise, comparing the average price value with the previous month (.i.e. November 2022), the average retail price increased by 1.83% from N202.48. On state profile analysis, Gombe state had the highest average retail price for Premium Motor Spirit (Petrol) with N218.89, followed by Kwara with N216.36 and Kogi with N216.00. On the other hand, Ebonyi recorded the lowes…