Latest News
BREAKING: 222.92% Petrol Price Increase Reported
BREAKING: 222.92% Petrol Price Increase Reported
The National Bureau of Statistics (NBS) reported that the average retail price of a litre of petrol surged from N195.29 in October 2022 to N630.63 in October 2023, according to its Petrol Price Watch for the same month released in Abuja on Wednesday.
This indicated a substantial increase of 222.92 per cent compared to the October 2022 price.
Read Also See What Residents Did When Matawalle Visited His Hometown In Zamfara (VIDEO)
“Comparing the average price value with the previous month of September 2023, the average retail price increased by 0.71 per cent from N626.21.
“On state profiles analysis, Zamfara paid the highest average retail price of N659.38 per litre, followed by Gombe and Borno at N658.33 and N657.27, respectively.
“Conversely, Lagos, Oyo, and Delta paid the lowest average retail price at N590.95, N592.19 and N599.38 respectively,’’ it stated.
Read Also BREAKING: Another One Against PDP? – What Appeal Court Did To Fintiri As Adamawa Governor
Breaking down the figures by zones, the North-East Zone had the highest average retail price for petrol in October 2023 at N644.16, while the South-West recorded the lowest at N616.81 per litre.
The National Bureau of Statistics (NBS) also noted in its Diesel Price Watch Report for October 2023 that the average retail price was N1004.98 per litre. This reflected a 25.45 per cent increase over the N801.09 per litre paid in October 2022.
“On a month-on-month basis, the price increased by 12.82 per cent from the N890.80 per litre recorded in September 2023,’’ it added.
In the state profile analysis, the report highlighted that the highest average price of diesel in October 2023 was recorded in Plateau at N1150.00 per litre, followed by Nasarawa at N1138.00, and Benue at N1091.67.
Conversely, the lowest price was observed in Rivers State at N824.44 per litre, followed by Borno at N827.27, and Kebbi State at N845.00 per litre.
Furthermore, the analysis by zones indicated that the North-Central had the highest diesel price at N1090.69 per litre, while the North-East recorded the lowest price at N947.32 per litre.
Stay Updated With More News By Joining Our WhatsApp Group With The Link Below
-
Politics2 weeks agoTinubu Makes Fresh Appointment
-
Latest News6 days agoBreaking Political Barriers: Okpebholo Names Enugu-born Igbo Leader to Edo Cabinet
-
Politics1 week agoTinubu Makes New Ambassadorial Appointments, Seeks Senate Confirmation
-
Latest News2 weeks agoBreaking: Okpebholo Backs Words With Action As Edo Moves To Establish Special Court For Cultism And Kidnapping Cases, Writes Chief Judge
-
Latest News2 days agoAPC Submits National Assembly Candidates’ Names To INEC Portal
-
Latest News1 week agoOjirami Shines at Night: Akoko-Edo Residents Hail Engr. Abubakar Momoh Over NDDC Solar Street Light Project
-
Latest News2 weeks agoBandits’ Captivity Death: Widow Rejects Illness Claims, Reveals What K!lled General Rabe
-
Sports5 days agoFull List: Every Team Eliminated From The 2026 World Cup So Far
-
Latest News3 days agoAPC Dismisses Viral List Of Primary Election Winners
-
Politics2 weeks agoVIDEO: Shettima, Atiku, Masari, Governors Storm Special Prayer For Tinubu’s Late Mother
-
Latest News1 day agoUzodimma, Fintiri, Abdurazaq, Other Governors Appear On APC NASS List
-
Latest News5 days agoShake-Up In Nigerian Army As COAS Redeploys Top Officers — Full List Emerges