Average fuel price hits N150 per litre in May – NBS

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Average fuel price hits N150 per litre in May – NBS



Samuel Bello, Abuja

The National Bureau of Statistics has stated that the average pump price paid by consumers for premium motor spirit (petrol) dropped to N150.2 per litre in May from N151.4 per litre price sold in April this year.

This represented an annual decrease of -0.3 percent and -0.8 percent month on month.

In the bureau’s report titled: “Premium Motor Spirit (Petrol) Price Watch’’, which was released yesterday in Abuja, stated that states with the highest average price of petrol were Borno (N166.08), Benue (N160.31) and Akwa Ibom (N159.44).

“States with the lowest average price of premium motor spirit (petrol) were Katsina (N144.82), Kano (N144.87) & Bauchi (N144.93).

It also stated that price paid by consumers for automotive gas oil (diesel) increased by 0.65% month-on-month…



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