ECONOMY

Petrol price stands at N696.79 in March – NBS

Published

7 months ago

April 18, 2024

Okeoghene Akubuike

The National Bureau of Statistics (NBS) has said that the average retail price of a litre of petrol increased from N246.29 in March 2023 to N696.79 in March 2024.

The bureau made this known in its Petrol Price Watch for March 2024, released in Abuja on Thursday.

It said that the March 2024 price of N696.79 represented a 163.65 per cent increase over the price of N264.29 recorded in March 2023.

“Comparing the average price value with the previous month of February 2024, the average retail price increased by 2.56 per cent from N679.36.

“On state profile analysis, Taraba paid the highest average retail price of N761.92 per litre, followed by Yobi i and Adamawa at N749.09 and N735.00, respectively.

“Conversely, Lagos, Oyo, and Ogun paid the lowest average retail price at N630.75, N645.88 and N651.25,” the bureau said.

The report said analysis by zones showed that the North-East zone recorded the highest average retail price in March 2024 at N732.37, while the South-West recorded the lowest price at N654.24 per litre.

Related Topics:headline

Up Next

Diesel price stands at N1341.16 in March 2024 – NBS

Don't Miss

Nigeria’s inflation hit 33.20% in March, says NBS

Okeoghene Akubuike

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.