The National Bureau of Statistics (NBS) has said the average retail price of a litre of petrol increased from N648.93 in November 2023 to N1,214.17 in November 2024.
It made the declaration in its Petrol Price Watch for November 2024 released in Abuja on Thursday.
It stated that the November 2024 price of N1,214.17 represented an 87.10 per cent increase over the price of N648.93 recorded in November 2023.
“Comparing the average price value with the previous month of October, the average retail price increased by 2.48 per cent from N1,184.83.”
On state profiles analysis, the report said Benue paid the highest average retail price of N1,365.16 per litre, followed by Borno and Adamawa at N1,331.94 and N1,319.85, respectively.
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“Conversely, Lagos, Katsina, and Kano paid the lowest average retail price at N1,092.79, N1,121.25, and N1,152.86 respectively,’’ it stated.
Analysis by zones showed that the South-East Zone recorded the highest average retail price in November 2024 at N1,257.72 while the South-West recorded the lowest price at N1,153.94 per litre.
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