How Nigerians paid above pump prices in January 2018—NBS

National Bureau of Statistics

The National Bureau of Statistics (NBS) has said that Nigerians paid over 31 per cent above the official pump price of petrol during the month.

The Bureau, in its latest Petrol Price Watch report for January 2018, said the average price for petrol during the month across the 36 states and the FCT was about N190.90 per litre against the retail pump price of N145 per litre approved by the Petroleum Products Pricing Regulatory Agency (PPPRA).

Compared with about N171.8 per litre paid in December, 2017, NBS said the average price of N190.9 per litre is about 11.12 per cent higher.

The price is about 28.4 per cent increase from about N148.7 per litre recorded in the corresponding month of January 2017.

The report showed that petrol consumers in Osun state paid the highest price of about N229 per litre in January 2018, followed by Abia with about N227.5 per litre and Benue state (about N223.3 per litre).

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Kogi state consumers is said to have paid the lowest average price of N152.83 per litre, followed by Gombe (about N157.73) and Zamfara N159.

On the other hand, consumers in the South East geopolitical zone paid the highest price of N203.17 per litre for petrol, with South-South paying N197.32 per litre and South West N195.39. People in the North West paid N193.42 per litre, while N172.5 was paid in the North East and N185.83 in the North Central.