• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, September 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NBS Report Reveals Drastic Surge In Fuel Prices Across Nigeria

by Leadership News
2 years ago
in News
Petrol
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

The National Bureau of Statistics (NBS) released its Petrol and Diesel Price Watch for November 2023, underscoring a staggering surge in fuel prices across the nation.

The report, released in Abuja on Thursday, indicated that the average retail price of petrol skyrocketed from N202.48 in November 2022 to a startling N 648.93 in November 2023, marking a monumental 220.49 per cent increase within a year.

According to the report, when compared to the previous month of October 2023, the average retail price of petrol escalated by 2.90 per cent from N630.63. State-wise analysis revealed Kebbi as the highest-paying state at an average retail price of N691.00 per litre, followed by Jigawa and Akwa Ibom at N677.67 and N675.00, respectively.

Conversely, Taraba, Kaduna, and Lagos recorded the lowest average retail prices at N618.00, N620.29, and N623.12 per litre, respectively.

RELATED

Running Successful Healthcare Business In Nigeria

Federal Government Releases N192bn For Primary Healthcare

1 hour ago
Boko Haram Abducts Passengers In Borno

Nigeria’s UN Humanitarian Coordinator Condemns Killing Of Civilians In Borno

1 hour ago
ADVERTISEMENT

Breaking down the regions, the South-South region experienced the highest average retail price for petrol at N663.59, while the North-East had the lowest at N632.75 per litre.

In tandem with this concerning surge, the NBS also highlighted the Diesel Price Watch for November 2023, reporting an average retail price of N1055.57 per litre. This figure represents a striking 30.50 per cent increase from the N808.87 per litre recorded in November 2022. The month-on-month analysis demonstrated a 5.03 per cent increase from the N1004.98 per litre in October 2023.

Regarding diesel prices by state, Benue recorded the highest average price at N1280.00 per litre, followed by Kaduna and Sokoto at N1183.45 and N1183.33, respectively.

ADVERTISEMENT

In contrast, Rivers had the lowest price at N875.00 per litre, followed by Abia at N900.77 and Bayelsa at N920.00 per litre.

Further analysis categorised by zones revealed the North-Central Zone with the highest diesel price at N1123.75 per litre, while the South-East recorded the lowest at N959.69 per litre.

This significant surge in fuel prices across the country poses a significant economic challenge to consumers and businesses alike.

NAN


Join Our WhatsApp Channel



SendShare10289Tweet6431Share
ADVERTISEMENT
Previous Post

Corruption Must Be Fought Together, Says EFCC Chairman

Next Post

Bologna Knock Inter Milan Out Of Coppa Italia

Leadership News

Leadership News

You May Like

Running Successful Healthcare Business In Nigeria
News

Federal Government Releases N192bn For Primary Healthcare

2025/09/08
Boko Haram Abducts Passengers In Borno
News

Nigeria’s UN Humanitarian Coordinator Condemns Killing Of Civilians In Borno

2025/09/08
Tuggar, U.S Deputy Secretary Of State Strengthen Bilateral Cooperation
News

Minister Backs Nigerian-German Cultural, Investment Ties

2025/09/08
News

Abia Blessed With Talented Physically Challenged Youths – National President

2025/09/08
Perform Or Quit, Uzodimma Tells Heads Of Commissions
News

Demolition: Ex-Imo Deputy Governor Backs Uzodimma

2025/09/08
Gov Mbah Seeks Enugu Assembly’s Confirmation Of 6 Nominees As Commissioners
News

Security: Mbah Moves To Strengthen Forest Guard, Raises Minimum Pay To N80,000

2025/09/08
Leadership Conference advertisement

LATEST

Federal Government Releases N192bn For Primary Healthcare

Nigeria’s UN Humanitarian Coordinator Condemns Killing Of Civilians In Borno

Minister Backs Nigerian-German Cultural, Investment Ties

Abia Blessed With Talented Physically Challenged Youths – National President

Demolition: Ex-Imo Deputy Governor Backs Uzodimma

Pilgrimage, Politics And Public Service

Security: Mbah Moves To Strengthen Forest Guard, Raises Minimum Pay To N80,000

Nigerians Dedicated To Grassroots Initiatives, Says TFT Boss

Emir Of Daura Turbans Gov Radda’s Wife As Jagaban Matan Hausa

Chatham House And The Trust We Must Rebuild

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.