• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Petrol price increased by 54.52% in one year- NBS

Petrol

The Matters Press by The Matters Press
February 22, 2023
Reading Time: 2 mins read
0
Stable petrol supply excites Buhari

Petrol tankers

The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Petrol increased from N166.40 in January 2022 to N257.12 in January 2023.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

This is according to the NBS Premium Motor Spirit (Petrol) Price Watch for January 2023 released in Abuja on Tuesday.

The report said the January 2023 price represented a 54.52 per cent increase when compared to the value recorded in January 2022 at N166.40.

“Comparing the average price value with the previous month of December 2022, the average retail price increased by 24.70 per cent from N206.19.

It said on state profiles analysis, Imo paid the highest average retail price for petrol at N332.14, followed by Rivers and Akwa Ibom at N327.14 and N319.00, respectively.

Conversely, Sokoto state paid the lowest average retail prices for petrol, at N191.43, followed by Plateau at 192.14 and Borno at 193.91

Analysis by zone showed that the South-East recorded the highest average retail price in January 2023 at N307.85, while the North-Central recorded the lowest at N217.15.

The NBS also revealed in its Automotive Gas Oil (Diesel) Price Watch Report for January 2023, that the average retail price paid for diesel by consumers was N828.82 per litre.

It said the January 2023 price amounted to a 187.69 per cent increase from the N288.09 per litre recorded in January 2022.

“While on a month-on-month basis, the price increased by 1.34 per cent from N817.86 per litre reported in December 2022.”

On state profile analysis, the report said the highest average price of diesel in January 2023 was recorded in Bauchi at N900.00, followed by Benue at N885.71, and Adamawa at N866.67.

On the other hand, the lowest price was recorded in Bayelsa at N768.75, followed by Edo at N788.00 and Akwa Ibom at N788.75.

In addition, the analysis by zone showed that the South-West had the highest price at N845.59, while the South-South recorded the lowest price at N800.49.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
SEC frowns at resurgence of Ponzi schemes

SEC, PenCom move to deepen commodity sector

“Naira-4-Dollar” getting results

Naira drops, exchanges at N461.60 to dollar

Recommended Stories

Maritime sector critical to economic growth — Shippers

ISPS Code is component of maritime security architecture – NIMASA

May 30, 2022
Eswatini for $140m Afreximbank’s credit

Afreximbank urges Nigeria, businesses to drive Intra-African trade

September 11, 2023
Trading in Nigerian stock market dips further N83bn

NGX maintains upward trend by N142bn

February 2, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us