The National Bureau of Statistics (NBS) says premium motor spirit (petrol) was sold for an average retail price of N264 per litre in Nigeria in March, up from the N185.30 it sold exactly a year ago.
It made the declaration in its Petrol Price Watch for March 2023 released in Abuja on Monday.
It stated that the March 2023 price of N264.29 represented a 42.63 per cent increase over the price of N185.30 recorded in March 2022.
“Comparing the average price value with the previous month of February 2023, the average retail price increased by 0.20 per cent from N263.76.
“On states profiles analysis, Imo paid the highest average retail price of N332.67 per litre, followed by Taraba at N330.00 and Borno at N324.55.
“Conversely, Benue paid the lowest average retail price of N195.00, followed by Plateau at N196.79 and Nasarawa at N197.50, ” it stated.
Analysis by zone showed that the South-East recorded the highest average retail price in March 2023 at N306.00 per litre, while the…