Lagos, Ebonyi and Niger Paid More To Get Petrol In March

The National Bureau of Statistics (NBS) has reported that residents of Lagos, Ebonyi, and Niger states paid the highest amount for Premium Motor Spirit, popularly known as petrol in March 2021.

The NBS said this in its “Premium Motor Spirit (Petrol) Price Watch for March 2021’’. According to the report, Lagos residents paid N200.87, Ebonyi N184.17 and Niger N183.5 for the product.

However, Adamawa state whose residents paid N162.91, Taraba N162.67 and Bauchi N164, paid the lowest average price for petrol in March. The report published indicates that the prices of petroleum varied across the 36 states of Nigeria including the FCT.

Fuel prices were collected across all the 774 local governments across all states and the FCT from over 10,000 respondents and locations. The price reflected the actual prices households bought fuel together with the prices reportedly sold by the fuel suppliers.

The average of all these prices was then reported for each state and the average for the country is the average for the state. NBS report said the average price paid by consumers for petrol increased by 18.76 per cent year-on-year and month-on-month by 3.87 per cent to N172.68 in March from N166.24 in February.

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

Related post