The average price paid by Nigerians for premium motor spirit, popularly known as petrol, remained unchanged in March, taking it to the lowest since October 2017
The average price consumers paid for a litre of petrol for the month of Match was unchanged from the N145.3 it sold the previous month, data from the Nigerian Bureau of Statistics show.
Year-on-year, average per litre declined by 11.1percent to N145.30 in the review month compared with N163.4/ litre sold in the similar month a year earlier.
Though the maximum price of petrol is capped at N145 per litre by the government, figures by the state- funded bureau showed that Nigerians bought the product at N0.3 more than the stated price.
States with the highest average price of premium motor spirit were Oyo (N146.50), Plateau (N146.55) and Taraba (N150.55). Ogun, Imo and Ekiti paid the least for petrol in the review period, with the product sold for N143.06, N143.18 and N143.47, respectively.
