Petrol price rises 28.35% to N770.54/ltr - NEWS FRONTIER DAILY

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    Monday, August 19, 2024

    Home Economy Petrol price rises 28.35% to N770.54/ltr

    Petrol price rises 28.35% to N770.54/ltr






    The national average retail price of petrol increased year-on-year, YoY, by 28.35 percent to N770.54 per litre in July 2024 from N600.35 per litre recorded in the corresponding period of 2023.

    The National Bureau of Statistics (NBS) disclosed this in its Premium Motor Spirit (Petrol) Price Watch for July 2024.

    On a month-on-month (MoM) basis, petrol prices saw a rise, increasing by 2.72 percent from N750.17 in June 2024.

    State-by-state analysis revealed significant variations in petrol prices. Katsina State recorded the highest average retail price at N950.00 per litre, followed by Jigawa State at N903.08 and Benue State at N846.95.

    The lowest average prices were found in Kwara State (N650.00), Edo State (N669.75), and Akwa Ibom State (N673.75).

    From a regional perspective, the North-West Zone had the highest average petrol price, at N820.10 per litre.

    The South-South Zone reported the lowest average price, at N678.30 per litre.





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    NEWSFRONTIER is a product of a dedicated and seasoned Journalist who has cut his teeth in the Media industry. The Publisher was once a teacher, and a public commentator. He was well grounded in community journalism. He had edited many Newspapers both local and international. The focus of NEWSFRONTIER is to inform, educate, entertain and above all be source of credible news source for the opinion moulders and the general public. We are assuring all our readers/audience that we are going to be objective, concise, and be guided by our conscience by looking at every information and data from all angles. Journalism is evolving daily, we will move with time, but not be swayed with tide.