Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N175.89 in June 2022, indicating a 6.21% increase when compared to the value recorded in June 2021 (N165.61). Likewise, on a month-on-month basis, the average retail price increased by 1.63% from N173.08 in May 2022, compared to the average retail price paid by consumers in June 2022. On state profile analysis, the highest average retail price for Premium Motor Spirit (Petrol) was recorded in Sokoto with N195.55, followed by Kaduna and Adamawa with N190.80 and N190.67 respectively. On th…