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| Premium Motor Spirit selling for over N150 in Bayelsa State |
The retail price of premium motor spirit, popularly called
petrol, averaged N122.5 per litre in July 2015 with Bayelsa paying over N150,
the latest monitoring report release by the National Bureau of Statistics, has shown. The report, which showed
the actual average price of the commodity paid by households across the 36
states of the Federation and the Federal Capital Territory, revealed that the
highest price of N153 per litre was paid by consumers in Bayelsa State, while
their counterparts in Lagos and Kano paid the least price of N92 per litre.
No state of the
federation had petrol sold at the government subsidized price of N87 per litre.
PREMIUM TIMES report continues:
The report showed that
the price of petrol in Bayelsa was lower by N2 per litre, or 1.3 percent, when
compared to the previous month’s figure of N155 per litre, while the price of
the commodity in Kano also dropped by a similar margin during the month.
Details of the prices
showed that consumers in Taraba state, who paid about N118 per litre in June,
were paying about N130 per litre in July, an increase of about 14.2 percent,
while Yobe State paid about N121 per litre, compared to N115 in June.
Others included Kogi
state, N119 per litre; Cross River (N118); Enugu (N116); Benue and Niger
(N115); Rivers (N113); Kebbi (N112); Nassarawa (N111); Zamfara (N110), while
Osun, Ekiti and Abia states paid for petrol at about N109 per litre during the
month.
In Akwa Ibom, petrol sold
for N107 per litre in July, while Anambra went for about N106 per litre.
In Borno, Ebonyi, Kwara
and Sokoto, the product was sold for an average of N105 while in Ondo and
Adamawa, it went for N104.
The price in Plateau was
N103; Jigawa and Bauchi (N102), and Gombe and Delta (N100).
Other price averages
included N99 per litre in Oyo; N95 in Katsina and Edo; N94 in Ogun and Abuja,
while N92 per litre was the average price of the commodity went for in Lagos
and Kano states.
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