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Thursday, April 15, 2021

Lagos residents paid highest amount for petrol in March: NBS

The price reflected actual prices households bought fuel together with the prices reportedly sold by the fuel suppliers.

• April 15, 2021
A Car in a gas station
A Car in a gas station (Photo Credit: Peoples Gazette – Ahmed Oluwasanjo)

The National Bureau of Statistics (NBS) says Lagos, Ebonyi, and Niger’s residents paid the highest amount for petrol in March.

The NBS revealed this in its ‘Premium Motor Spirit (Petrol) Price Watch for March 2021’ released on its website on Wednesday in Abuja.

Lagos residents paid N200.87, Ebonyi N184.17, and Niger N183.5 for the product, while Adamawa residents paid N162.91, Taraba N162.67, and Bauchi N164, paid the lowest average price for petrol in March.

The average price paid by consumers for petrol increased by 18.76 per cent year-on-year and month-on-month by 3.87 per cent to N172.68 in March from N166.24 in February.

The report said fieldwork for the report was done solely by more than 700 NBS staff in all states, supported by supervisors monitored by internal and external observers.

They collated fuel prices across the 774 local governments and the FCT from over 10,000 respondents and locations.

The price reflected actual prices households bought fuel together with the prices reportedly sold by the fuel suppliers.

The average of the prices was reported for each state and the average for the country was the average for the states.

(NAN)

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