- In October 2024, consumers’ average retail price for Premium Motor Spirit (Petrol) was N1184.83
- NBS data showed that this is an increase of 87.88% above the value published in October 2023 (N630.63)
- Delta, Nasarawa, Lagos and other regions have been identified as places that had cheap petrol during the period
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
The average retail price that customers paid for Premium Motor Spirit (Petrol) in October 2024 was N1184.83, according to a recent report from the National Bureau of Statistics.
In comparison to the figure reported in October 2023 (N630.63), this represents an increase of 87.88%. The average retail price of petrol also rose 14.98% from N1030.46 to N1030.46 when compared to the previous month (September 2024).
Based on zonal profile, the data showedthat the North-Central Zone had the lowest average retail price (N1132.94), while the …