The average retail price paid by consumers for gasoline increased by 24.38 percent in December, the National Bureau of Statistics (NBS) said.
The bureau said this in its “Premium Motor Spirit (Petrol) Price Watch” for December 2022 released on Saturday.
The NBS said the average retail price paid by consumers for petrol for December 2022 was N206.19 per litre, representing an increase of 24.38 percent when compared to the price recorded in December 2021 (N165.77).
The bureau also said that comparing the average price with the previous month (ie November 2022), the average retail price increased by 1.83 percent from N202.48.
Meanwhile, the report said the highest average retail price for petrol was recorded in Gombe State at N218.89, followed by Kwara at N216.36 and Kogi at N216.00.
On the other hand, he said the lowest average retail price for petrol was recorded in Ebonyi with N195.83, followed by Abuja with N196.00 and Bayelsa with N196.14.
NBS said the highest average retail price was recorded in the North-East at N209.64, while the South-South was the lowest at N200.02.
Diesel
In its Automotive Oil (diesel) Price Surveillance report for December 2022, NBS said the average retail price of diesel paid by consumers was N817.86 per litre, an increase of 182.64 percent from N289.37 per liter recorded in the corresponding. months of the previous year.
Also Read: Amid shortages, Nigerian government rejects increase in oil pump prices
On a monthly basis, NBS said this is an increase of 1.11 percent from the N808.87 per liter reported in November 2022.
The report noted that the highest average price for diesel in December 2022 was recorded in Ebonyi at N869.25, followed by Bauchi at N860.00, and Ondo at N856.36.
He said the lowest price was recorded in Akwa Ibom at N773.75, followed by Benue at N777.50 and Borno at N785.00.
“Furthermore, analysis by zone shows that the South-West has the highest price at N841.35, while the South-South recorded the lowest price at N798.54,” he said.
Support journalism integrity and credibility PREMIUM TIMES
Good journalism costs a lot of money. But only good journalism can guarantee the possibility of a good society, responsible democracy, and transparent government.
For continued free access to the best investigative journalism in the country, we ask that you consider making a modest contribution to this noble effort.
By contributing to PREMIUM TIMES, you help keep journalism relevant and ensure it remains free and available to all.
contribute
AD TEXT: Call Willie – +2348098788999
