Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N172.61 in April 2022, indicating a 3.74% increase when compared to the value recorded in April 2021 (N166.38). Likewise, on a month-on-month basis, the average retail price decreased by 6.85% from N185.30 in March 2022, compared to the average retail price paid by consumers in April 2022. On state profile analysis, the highest average retail price for Premium Motor Spirit (Petrol) was recorded in Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27 respectively. On t…