NBS report shows that petrol price rose by 230.78% in August

The National Bureau of Statistics (NBS) said on Friday the average price of petrol per litre rose by 230.78 percent in August.

The agency disclosed this in its Petrol Price Watch for August 2023 released in Abuja.

According to NBS, the average retail price of petrol per litre rose from N189.46 per litre in August 2022 to N626.70 the same month this year.