Premium Motor Spirit (Petrol) Price Watch
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1 Premium Motor Spirit (Petrol) Price Watch (MARCH 2017) Report Date: April 2017 Data Source: National Bureau of Statistics (NBS)
2 Contents Executive Summary 1 Average Petrol Prices Across States Average Petrol Prices Across Zones North Central Average Petrol Prices Across Zones North East Average Petrol Prices Across Zones North West Average Petrol Prices Across Zones South East Average Petrol Prices Across Zones South South Average Petrol Prices Across Zones South West 12 Months Average Prices Appendix - Tables Methodology Acknowledgment and Contact
3 Executive Summary Average price paid by consumers for premium motor spirit (petrol) increased by 10.1% year-on-year and decreased by -0.3% month-on-month to N149.4 in March 2017 from N149.8 in February States with the highest average price of premium motor spirit (petrol) were Yobe (N1.7), Bayelsa (N1.3) & Enugu (154.5). States with the lowest average price of premium motor spirit (petrol) were Oyo (N145.7), Osun, Kwara,Kano.Gombe,Ekiti,Delta and Abuja (N145) and Ogun (N144.9). 1
4 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across States Average N149.4 STATES WITH THE HIGHEST AVERAGE PRICES IN MARCH 2017 YOBE BAYELSA ENUGU STATES WITH THE LOWEST AVERAGE PRICES IN MARCH 2017 OYO OGUN ABUJA,DELTA,EKITI,GOMBE, KANO, KWARA, OSUN
5 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across Zones - North Central Average N148.8 Benue State has the highest average price in the North Central Region for March 2017 while Abuja & Kwara have the least average price 13
6 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across Zones - North East Average N151.1 Yobe State has the highest average price in the North East for March 2017 while Gombe State has the least average price 14
7 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across Zones - North West Average N149.4 Kaduna State has the highest average price in the North West for March 2017 while Kano State has the least average price 15
8 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across Zones - South East Average N150.9 Enugu State has the highest average price in the South East for March 2017 while Anambra State has the least average price
9 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across Zones - South South Average N150.8 Bayelsa State has the highest average price in the South South for March 2017 while Delta State has the least average price 17
10 Premium Motor Spirit (Petrol) Price Watch Average PMS Prices Across Zones - South West Average N145.7 Lagos State has the highest average price in the South West for March 2017 while Osun & Ekiti State have the least average price 18
11 Premium Motor Spirit (Petrol) Price Watch 12 Months Average Prices 10.1% Year-on-Year and -0.3% Month-on-Month 9 1
12 Average Petrol/ Premium Motor Spirit - February 2017
13 Methodology Field work is done solely by over 700 NBS Staff in all States of the federation supported by supervisors who are monitored by internal and external observers. Fuel Prices are collected across all the 774 local governments across all States and the FCT from over 10,000 respondents and locations and reflect actual prices households state they actually bought those fuels together with the prices reportedly sold by the fuel suppliers. The average of all these prices is then reported for each state and the average for the country is the average for the state. NBS audit team subsequently conducts randomly selected verification of prices recorded
14 Acknowledgements/Contacts Acknowledgements We acknowledge our technical partners, Proshare in the design, concept and production of this publication. Contact NBSNigeria Head Office Address Plot 762,IndependenceAvenue,Central Business District,FCT, Abuja Nigeria
Premium Motor Spirit (Petrol) Price Watch
(February 2017) Report Date: February 2017 Data Source: National Bureau of Statistics (NBS) Contents Executive Summary 1 Average Petrol Prices Across States Average Petrol Prices Across Zones North Central
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