NBS: Petrol Rises by 55% to N257/litre in Jan – Report


FIRS

The Nationwide Bureau of Statistics in its Premium Motor Spirit (petrol) value look ahead to January 2023 acknowledged that on common, Nigerians paid the sum of N257.12 per litre for the product.

The report famous that the common value in January 2023 was an annual improve of 54.52 per cent and a month-to-month improve of 24.70 per cent.

It learn partially, “The typical retail value paid by customers for Premium Motor Spirit (Petrol) for January 2023 was N257.12, indicating a 54.52 per cent improve relative to the worth recorded in January 2022 (N166.40).

“Likewise, evaluating the common value worth with the earlier month (.i.e. December 2022), the common retail value elevated by 24.70 per cent from N206.19.”

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It additional famous that Imo State had the best common retail value for petrol at N332.14 per litre, then Rivers at N327.14 and Akwa Ibom at N319.00.

It was additionally noticed that Sokoto recorded the bottom common retail value for petrol at N191.43 per litre, adopted by Plateau at N192.14 and Borno at N193.91.

The report added, “As well as, evaluation by zone confirmed that the South-East recorded the best common retail value in January 2023 with N307.85, whereas the North-Central had the bottom with N217.15.”

This excessive value of petrol occurred as Nigerians battled with petrol shortage and the nation battled with rising gas subsidy value.

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