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Abia Residents Had Highest Petrol Pump Price In November – NBS

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The National Bureau of Statistics, NBS, says Abia, Kebbi and Kwara residents paid the highest amount for petrol (Premium Motor Spirit) in the country in November.

The bureau stated this in its “Premium Motor Spirit (Petrol) Price Watch” publication for November and released on its website on Thursday, December 17, 2020, in Abuja.

According to NBS, Abia residents paid N178.70 per litre for the product while Kebbi residents paid N174.76 and Kwara residents N172.33.

It, however, stated that Zamfara paid N161.73, Bauchi -N161.78, and Kaduna – N163.83 per litre being the lowest average prices for the product.

NBS further stated that the average price paid by consumers for petrol increased by 14.62 percent year-on-year and month-on-month by 3.79 percent to N167.27 in November from N161.17 in October.

Similarly, the average price paid by consumers for Automotive Gas Oil (Diesel) increased by 1.79 percent month-on-month and decreased by -0.59 percent year-on-year to N223.74 in November from N219.80 in October.

The bureau said that states with the highest average price of diesel in the month under review were Benue at N263.33, Kebbi at N258.57, and Taraba at N251.67.

The lowest average price of diesel which is N182.50 was in Kwara, followed by N192.67 in Osun and N196.33 in Nasarawa.

Fieldwork for the report was done by more than 700 NBS staff in all states of the federation supported by supervisors who were monitored by internal and external observers.

Fuel prices were collected across all the 774 local governments across all states 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 all these prices was then reported for each state and the average for the country was the average for the state.

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