Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for September 2022 was N191.65, indicating a 16.26% increase when compared to the value recorded in September 2021 (N164.85). Likewise, comparing the average price value with the previous month (.i.e. August 2022), the average retail price increased by 1.15% from N189.46. On state profile analysis, Kano State had the highest average retail price for Premium Motor Spirit (Petrol) with N207.50, followed by Jigawa with N205.62 and Bayelsa with N204.27. On the other hand, Delta had the lowest average ret…