Data from the National Bureau of Statistics (NBS) petrol price watch for the month of February released this week shows the average petrol price paid in Nigeria fell by 9.6% from ₦190.9 paid in January to ₦172.5 in February. Year on year, the price is a 15% increase compared to the ₦149.8 paid in February 2017.
What states had the most expensive petrol ?
Plateau state had the highest average petrol price in February at ₦208.8 per litre. Osun state had the second highest average price at ₦201.29 per litre. Next to this is Edo state, with an average price of ₦200.83 per litre.
What states had the least expensive petrol ?
Abuja and Katsina both had the lowest price on average at ₦145. Kogi State had the second lowest average petrol price at ₦147.06 per litre.
Has the fuel scarcity eased ?
The fall in average petrol price could be an indication that the crippling fuel scarcity which began in December last year seems to have eased out. President Muhammadu Buhari in his New year speech blamed the scarcity on sabotage. The NNPC and DAPPMAN members susbsequently traded blames as to which of them was responsible.
Here is a copy of the report.