The National Bureau of Statistics (NBS) says Premium Motor Spirit (PMS), popularly referred to as petrol, was more costly in Abia, Ebonyi and Lagos states in August.
The NBS made this known in its “Premium Motor Spirit (Petrol) Price Watch for August 2021’’ released on its website on Friday in Abuja.
It said that Abia residents paid N173.14, while Ebonyi residents paid N170.13 for the product and Lagos residents N168.81.
It, however, said that Niger residents at N162, Borno N161.71 and Kano N158.75 paid the lowest average prices for the product.
According to the NBS, the average price paid by consumers for petrol increased by 10.87 per cent year-on-year and decreased month-on-month by -0.58 per cent to N164.91 in August from N165.91 in July.
The report stated that field work for the report was done solely by more than 700 NBS staff in all states of the federation supported by supervisors who were monitored by internal and external observers.
Fuel Prices were collected across all the 774 Local Government areas across all states and the FCT from over 10,000 respondents and locations.
The price reflected actual prices households bought fuel together with the prices reportedly sold by the fuel suppliers.
The average of all these prices was then reported for each state and the average for the country was the average for the state.
