NBS Reveals Average Petrol Price In October

The National Bureau of Statistics (NBS) has revealed that the average retail price for Premium Motor Spirit (petrol) in October 2024 stood at ₦1,184.83, marking an 87.88% increase compared to the ₦630.63 per litre recorded in October 2023.

Month-on-month, the report shows a 14.98% rise from the ₦1,030.46 average retail price recorded in September 2024.

The NBS report highlighted that on a state-by-state basis, Ebonyi State recorded the highest average petrol price at ₦1,292.86, followed by Jigawa at ₦1,288.18 and Borno at ₦1,283.79.

In contrast, Delta, Nasarawa, and Lagos States had the lowest prices at ₦1,050.00, ₦1,063.68, and ₦1,080.95, respectively.

Regionally, the South East Zone reported the highest average petrol price at ₦1,256.76, while the North-Central Zone recorded the lowest at ₦1,132.94, according to the report.