The National Bureau of Statistics (NBS) has revealed that Lagos State residents paid the highest average price for petrol in the country, in the month of March 2021, at N200.87 per litre; while Adamawa state residents paid the lowest average price in the month of March at N162.17 per litre.
The NBS also revealed that the National Average price/litre of petrol was N172.68 in March 2021 compared to N145.40 in March 2020 and N166.24 in February 2021.
This was disclosed in a report by the NBS CEO, Dr. Yemi Kale, yesterday, April 14, 2021, via his verified Twitter account @sgyemikale.
READ: The conundrum in the retail pricing of PMS
On kerosene the NBS said:
- National Average Price/litre at N361.29 in March 2020.
- The states with the highest average were Taraba (N466.67), Ebonyi ( N450) and Benue (N448).
- The States with the lowest average prices were Bayelsa (N250), Yobe (N296.43) and Katsina (N318.33)
On Premium Motor Spirit (petrol):
- National Average price/litre at N172.68 in March 2020
- The states with the highest average were Lagos (N200.87), Ebonyi (N184.17) and Niger (N183.50)
- The states with the lowest average prices were Adamawa (N162.17), Taraba (N162.67) and Bauchi (N164).
READ: Nigerians paid less to refill 5kg gas cylinders in November – NBS report
What you should know
Recall that Nairametrics reported that the federal government has suspended plans to end its subsidy payments as reports indicate that the FG plans to spend N720 billion for the next 6 months on Premium Motor Spirit (PMS) subsidies.
