The National Bureau of Statistics (NBS) has said that the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N937 per litre in Jigawa State.
According to the report ‘Premium Motor Spirit Price Watch (May 2024)’, on a state profile analysis, that consumers in Jigawa State paid the highest price of N937.50 for petrol.
This signals a continuous rise in the price of the commodity since the removal of petrol subsidy by President Bola Tinubu on May 29, 2023.
The report noted that the average price paid for petrol was N769.62, indicating a 223.21 per cent increase compared to the value recorded in May 2023 (N238.11).
