Nigerians bought Premium Motor Spirit (PMS) also known as petrol at average of N93.48 per litre in October as against N95.18 they paid for the product in September.
A report released by the National Bureau of Statistics (NBS) on Sunday indicated that the drop translated to N1.79 reduction per litre of petrol month-on-month.
The amount paid for PMS in October was lower than the amount paid for the product at the same period last year by N10.18.
Daily Trust’s analysis showed that Bayelsa maintained its position as the state with the highest petrol price at N111 in October, down from N119.83 which residents paid for the product in September.
The latest report indicated that residents of Katsina, Bauchi, Adamawa, Ondo, Ekiti and Delta states now bought the petrol at government approved price of N87 per litre in October.
Residents of Kano, Lagos and Abuja bought the product at an average of N89.06, N89.94 and N108.20 respectively during the period.