“Nigerians Purchased Fuel at N119 Per Litre in December” – NBS

The National Bureau of Statistics, NBS, has reported that Nigerians bought petrol at an average of N119.61 per litre in December 105.
The Premium Motor Spirit (PMS) Watch report for last month released on Sunday, January 17  indicated that Nigerians paid N4.26 per litre higher than the N115.35 per litre paid the previous month.

As at December 2015, the official pump price of petrol in Nigeria stood at N87 per litre but the PMS Watch reports for the last one year showed that the least average price Nigerians bought the product was N93 in February 2015.

 As at January 1, the federal government reviewed downward the official price of the product by 50k per litre but compliance and full enforcement have remained a challenge for the regulators.
Details of the latest report revealed that the oil-rich state, Bayelsa, continued to top the list of states where residents bought the product exorbitantly. Bayelsa, Taraba and Kogi residents bought petrol at N154, N153.33 and N146.67 per litre respectively in December.
Katsina State topped the list of states where residents bought the product at the least market price. Katsina, Lagos and Kano residents bought petrol at N89.17, N89.80 and N93.14 per litre respectively. Residents of the nation’s capital, Abuja, bought the product above government regulated price at N114.78 per litre.

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