Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for November 2022 was N202.48, indicating a 29.81% increase when compared to the value recorded in November 2021 (N167.60). Likewise, comparing the average price value with the previous month (.i.e., October 2022), the average retail price increased by 3.68% from N195.29. On the States profiles analyses, Kwara State had the highest average retail price for Premium Motor Spirit (Petrol), at N217.14. Enugu and Gombe States were next, with N215.71 and N215.00, respectively. On the other side, Ekiti, Akw…