Nigerians pay average price of petrol at N191/litre - NBS

Nigerians pay average price of petrol at N191/litre - NBS

- A report by the National Bureau of Statistics (NBS) indicates many Nigerians are buying petrol above the N145 per litre pump price

- NBS in its report for January states that Nigerians paid the sum of N190.9 per litre for petrol

- The report is based on the amount spent by households buying petrol across the country

A report of the National Bureau of Statistics (NBS) on Friday, February 16, indicated that many Nigerians are still paying far above N145 per litre pump price of petrol approved by the Federal Government for the product.

NAIJ.com gathered that NBS in its Premium Motor Spirit (petrol) price watch for January stated that on the average, Nigerians paid the sum of N190.9 per litre for the product. This is about N46 per litre higher than the official pump price of the product.

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The report was made available to The Punch, is based on the actual amount spent by households for the purchase of the PMS across the federation.

According to the report, Osun state was the worst hit as consumers paid N228.89 for the product in January.

Abia and Benue states followed as consumers bought fuel N227.5 and N223.33 per litre respectively.

States with the lowest price of petrol are Zamfara, N159.12 per litre; Gombe, N157.73; and Kogi, N152.83.

Many states in the North and other parts of the country are still suffering untold hardship caused by the severe scarcity of petrol.

Kaduna, Nasarawa and Niger states as well as the Federal Capital Territory have been experiencing persistent petrol scarcity since last year, even as the queues for the PMS have spread to other states.

Financial analysts speaking on the impact of the fuel crisis on the economy, said there was a need for the Federal Government to adopt a “smart card initiative” to address the problem.

According to an earlier report by NAIJ.com, the Nigerian National Petroleum Corporation (NNPC) said it supplied a total of 29.058 million litres of Premium Motor Spirit (PMS) popularly known as petrol to thirteen Northern states in three days.

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In its report on daily dispatch to filling stations made available to the News Agency of Nigeria (NAN) in Abuja on Friday, February 16, it named the states to include Kaduna, Kogi, Kwara,Taraba, Kano and Benue. Others are Zamfara, Yobe, Sokoto, Jigawa, Borno, Bauchi and Adamawa.

According to the corporation, the supplies were made between February 12 and 14, 2018.

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Source: Naija.ng

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