The National Bureau of Statistics (NBS) has said the average retail price of the Premium Motor Spirit PMS petrol reduced by 2.06 per cent in December 2024.
This was contained in its document titled: “PMS December Report 2024.”
The report said the price reduced from N1214.17 in November to N1189.12 per litre.
The report price increased by 76.99 per cent on a year-on-year basis from N671.86 in December 2023.
NBS said: “The average retail price paid by consumers for Premium Motor Spirit (Petrol) for December 2024 was N1,189.12, indicating a 76.99% increase compared to the value recorded in December 2023 (N671.86).
“Likewise, comparing the average price value with the previous month (.i.e. November 2024), the average retail price decreased by 2.06% from N1,214.17.”
On State profile analysis, NBS said: “Taraba State had the highest average retail price for Premium Motor Spirit (Petrol), at N1,307.05, Adamawa and Delta States were next, with N1,301.33 and N1,282.71, respectively.
NBS said conversely, Oyo State, Abuja, and Ogun State had the lowest average retail prices for Premium Motor Spirit (Petrol), at N1,088.75, N1102.25, and N1,106.07 respectively.
The document said lastly, on the Zonal profile, the North East Zone had the highest average retail price of N1245.90, while the South West Zone had the lowest price of N1,116.00.