Average price of fuel in July was N107 – NBS

Nigerians paid an average of N107.41 per litre of Premium Motor Spirit (petrol) across the 36 states of Nigeria in July, the National Bureau of Statistics (NBS) has said.

The bureau said, in its latest report, Nigerians paid N20.41 more than government approved pump price of N87 per litre for the product.

The report released yesterday by the National Bureau of Statistics (NBS) in Abuja on average monthly prices actually paid by households for petrol in the country showed that in July Nigerians paid N4.70 less than the average price of N112.13 paid in June.

The report revealed that Bayelsa State, which is among the oil producing states in the country, recorded the highest average price paid by households nationwide for the product at N153 per litre. The state’s retail price of the product reduced from N155 per litre recorded in June to N153.

Other states that reported high retail prices for the product included Taraba, Yobe, Kogi and Cross Rivers states at N130,  N121, N119, and N118 per litre respectively.

Daily Trust

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