Average retail price of petrol up by 42% in March – NBS

The average retail price paid by consumers for petrol rose by 42.63 per cent in March, the National Bureau of Statistics (NBS) has said.

The bureau said this in its “Premium Motor Spirit (Petrol) Price Watch” report for March 2023 released on Friday.

The NBS said the average retail price paid by consumers for petrol in March 2023 was N264.29, indicating an increase of 42.63 per cent relative to the value recorded in March 2022 (N185.30).

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