Nigerians are already reeling from the effects of rising crude oil prices despite the return of subsidy as the average price of petrol increased to N166.24 in February.
This was 1.31 percent higher than N164.09 Nigerians paid for the product in January.
According to the latest Premium Motor Spirit (Petrol) Price Watch released by the National Bureau of Statistics (NBS) on Saturday, the price was also 14.32 percent higher than the N145.4 paid for petrol by consumers in February last year.
The report said residents in Abia, Kogi and Kebbi States paid the highest average price for petrol in February.
In Abia, petrol was sold at N180 while residents of Kogi and Kebbi paid N175.82 and N173.07 for the product respectively.
Three states – Osun (N162.91), Nasarawa (N163.08), and Katsina (N163.25) paid the lowest price for petrol during the month.
On regional basis, residents of South-East paid the highest for petrol with N169.16 followed by North-Central (N167.14), and North-West (N166.24).
Join the conversation
INVESTIGATION: Inside UNILAG’s multi-million naira budgetary abuse and academic discord
The University of Lagos located in Nigeria’s commercial capital, Lagos, has been embroiled in controversies with allegations bothering on misappropriation of...
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...