Average Petrol Pump Price Drops To N254 Per Litre In April 2023 – NBS

The average pump price of premium motor spirit (PMS), also known as petrol, saw a slight decrease of N254 per litre in April 2023, according to the National Bureau of Statistics (NBS).

The NBS Premium Motor Spirit (PMS) report for April 2023 showed a decrease (-3.87 percent) from N264.29 per litre in the previous month, a development that accounts for the first decrease in seven months.

However, compared to April 2022, there was an increase of 47.18 percent from N172.61 to N254 per litre.

Petrol prices by states

The states with the highest gasoline prices are Taraba at N320 per litre, Imo at N310.55 per litre and Jigawa at N305 per litre.

On the other hand, the states with the lowest petrol prices are Sokoto with a price of N195 per litre and Benue with a price of N198.13 per litre and Kogi at N206.11 per litre.

The Southeast Zone had the highest average price for gasoline at N291.95 per litre, while the Central-North Zone had the lowest average price at N208.88 per litre.

In the northwest, the average price was N263.72 per litre, while in the northeast it was N277.85 per litre. In the southwest, the average was N224.62 per litre and the average was N270.23 per litre in the south-south.

It should be noted that the national average price of petrol ranged from N170 to N195.29 in 2022, with a significant increase to N202.48 per litre in November 2022.