Petrol price surges from ₦257.12 to ₦668.30 in January 2024 - NBS
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National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from ₦257.12 in January 2023 to ₦668.30 in January 2024.
The bureau stated this in its Petrol Price Watch for January 2024, released in Abuja on Thursday. It said that the January 2024 price of ₦668.30 represented a 159.92% increase over the price of ₦257.12 recorded in January 2023.
“Comparing the average price value with the previous month of December 2023, the average retail price increased by 0.53% from ₦671.86.
“On state profile analysis, Kebbi paid the highest average retail price of ₦796.67 per litre, followed by Zamfara and Taraba at ₦771.43 and ₦704.11 respectively.
“Conversely, Kwara, Niger and Kogi paid the lowest average retail price at ₦614.90, ₦624.04 and ₦626.79 respectively,” the bureau stated.
According to the organisation, analysis by zones shows that the North-West zone recorded the highest average retail price in January 2024 at ₦701.60, while the North-Central recorded the lowest price at ₦632.86 per litre.
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