By Okeoghene Akubuike
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N545.83 in June 2023 to N750.17 in June 2024.
It made the declaration in its Petrol Price Watch for June 2024 released in Abuja on Thursday.
It stated that the June 2024 price of N750.17 represented a 34.77 per cent increase over the price of N545.83 recorded in June 2023.
“Comparing the average price value with the previous month of May, the average retail price decreased by 2.53 per cent from N769.72.”
On state profiles analysis, the report said Benue paid the highest average retail price of N854.55 per litre, followed by Jigawa and Rivers at N847.00 and N810.00, respectively.
“Conversely, Lagos, Kwara and Ogun paid the lowest average retail price at N626.94, N650.00, and N670.63, respectively,’’it stated.
Analysis by zones showed that the South-South Zone recorded the highest average retail price in June 2024 at N794.64 while the…
Source: News Agency of Nigeria