Saturday, January 28, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Nigeria’s South-East worst hit as price of petrol rises by 2.99%

by e-Naira Online News
June 17, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


The average retail price paid by consumers for Premium Motor Spirit (PMS) otherwise known as petrol increased to N173.08 in May.

The figure, according to a report released by the National Bureau of Statistics on Friday, was 2.99 percent higher than the N168.06 Nigerians paid for the commodity in May last year.

Also, on a month-on-month basis, the average retail price of the product increased by 0.27 percent from N172.61 in April to N173.08 last month.

In the analysis of the report by states, the highest average retail price for PMS was recorded in Abia with N193.20, followed by Imo and Cross River with N188.24 and N187.65 respectively.

The lowest average retail price for petrol was recorded in Ogun with N165.00, followed by Yobe and Benue with N165.36 and N165.50 respectively.

The highest average retail price was recorded in the South-East where consumers paid N186.24 while the North-Central had the least with N168.20.

READ ALSO: Petrol price may increase to N180/litre in Lagos, Ibadan, other S/W areas

For Automotive Gas Oil (Diesel) the average retail price paid by consumers increased by 181.00 percent from N238.82 in May 2021 to N671.08 in the same period this year.

On a month-on-month basis, the average retail price increased by 2.54 percent from N654.46 in April to N671.08 last month.

On a state-by-state basis, residents of Ekiti paid the highest price for diesel in May at N716.15, followed by Osun and Oyo with N716.00 and N707.33 respectively.

The state with the lowest average retail price was Yobe with N560.00, followed by Bauchi and Delta with N570.00 and N624.44 respectively.

On a regional basis, the highest average price for diesel was recorded in the South-West with N705.60, while the North-East had the lowest price with N639.00.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now





Source link

Tags: HitNigeriasPetrolpriceRisesSouthEastworst
Previous Post

Ubitquity launches ‘Crypto Listing Service’ to grow real estate transactions in crypto » CryptoNinjas

Next Post

NDDC denies report that commission paid N20 billion to ghost contractor

Related Posts

Business

The Importance Of Business Continuity Planning

by e-Naira Online News
January 28, 2023
Business

Debts upon debts! Supreme Court rules against Honeywell Flour, as firm struggles with N67.02bn loans

by e-Naira Online News
January 28, 2023
Business

Nigerian petroleum agency blames cross-border smugglers for scarcity

by e-Naira Online News
January 28, 2023
Business

Access Holdings, International Breweries, others lose N51.7bn to investors’ apathy

by e-Naira Online News
January 27, 2023
Business

Lagos now closer to its smart city dream with 5G technology —Sanwo-olu

by e-Naira Online News
January 27, 2023
Next Post

NDDC denies report that commission paid N20 billion to ghost contractor

Nigeria’s stock market closes week on bearish note, loses over N300 billion in a day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Currency Swap Will Stabilise, Strengthen Economy—Buhari

January 28, 2023

Three die in fresh US shooting

January 28, 2023

Moody’s downgrades Nigeria’s currency and debts ratings to Caa1, cites Ways and Means

January 28, 2023

Why it’s a bad idea to bet against the Crypto market right now

January 28, 2023

The Importance Of Business Continuity Planning

January 28, 2023

Oduwacoin, Other Crypto That Cost Less Than $1

January 28, 2023

Debts upon debts! Supreme Court rules against Honeywell Flour, as firm struggles with N67.02bn loans

January 28, 2023

Sao Paolo Introduces Blockchain in Data Access Law – Regulation Bitcoin News

January 28, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.