Price Of Petrol Dropped In May, Says NBS
The National Bureau of Statistics (NBS) says the average price paid by consumers for Premium Motor Spirit, (Petrol) decreased to N150.2 in May from N151.4 paid in April.
The NBS, in its “Premium Motor Spirit (Petrol) Price Watch’’ released on its website, said the price decreased by -0.3percent year-on-year and -0.8percent month-on-month.
According to the report, states with the highest average price of PMS are Borno (N166.08), Benue (N160.31) and Akwa Ibom (N159.44), while the states with the lowest average price are Katsina (N144.82), Kano (N144.87) and Bauchi (N144.93).
Meanwhile, in the bureau’s “National Household Kerosene Price Watch’’ the price of Kerosene per litre increased from N278.49 in April to N280.29 in May.