The average retail price of petrol paid by customers in the month of June 2024 was N750.17, indicating a 37.44% increase when compared to N545.83 paid for in June 2023.
National Bureau of Statistics (NBS) disclosed this in its Premium Motor Spirit (Petrol) Price Watch report for June 2024 released on Wednesday.
NBS, however, said, when compared with the previous month, (May 2024), the average retail price decreased by 2.53% from N769.62.
It said, on State profile analysis, Benue State had the highest average retail price for Premium Motor Spirit (Petrol), at N854.55, Jigawa and Rivers States were next, with N847.00 and N810.00, respectively.
On the other side, it said, Lagos, Kwara, and Ogun States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N626.94, N650.00, and N670.63 respectively.
Meanwhile, on the Zonal profile, the South-South Zone had the highest average retail price of N794.64, while the South-West Zone had the lowest price of N696.42.
