The National Bureau of Statistics (NBS) says it has observed a decrease in the average price paid by consumers for Premium Motor Spirit, (Petrol) from 151.4 paid in April to N150.2 in May .
The NBS, in its “Premium Motor Spirit (Petrol) Price Watch’’ released today, said the price decreased by -0.3per cent year-on-year and -0.8per cent month-on-month.
The report also showed that states with the highest average price of PMS are Borno (N166.08), Benue (N160.31) and Akwa Ibom (N159.44), while the states with the lowest average price are Katsina (N144.82), Kano (N144.87) and Bauchi (N144.93).
Meanwhile, in the bureau’s “National Household Kerosene Price Watch’’ the price of Kerosine per litre increased from N278.49 in April to N280.29 in May.
“Average price per litre paid by consumers for National Household Kerosene increased by 0.65 per cent month-on-month and decreased by -7.58per cent year-on-year to N280.29 in May from N278.49 in April.
“States with the highest average price per litre of kerosene were Abuja (N327.50), Yobe (N313.33) and Cross River (N310.19), while those with the lowest average price per litre are Borno (N233.33), Abia (N235.53) and Kogi (N251.04),’’ the report said.