Home Business NBS Reports 87.1% Increase In Petrol Price In November 2024
Business

NBS Reports 87.1% Increase In Petrol Price In November 2024

Share
NBS Reports 87.1% Increase In Petrol Price In November 2024 | Daily Report Nigeria
Share
  • The National Bureau of Statistics (NBS) reports that the average retail price of petrol increased by 87.10% from N648.93 in November 2023 to N1,214.17 in November 2024.

  • The NBS also stated that the average retail price of diesel increased by 37.07% from N1,055.57 in November 2023 to N1,446.83 in November 2024.

  • The prices varied across states, with Benue paying the highest average retail price for petrol (N1,365.16) and Bauchi paying the highest average price for diesel (N2,232.04).

The National Bureau of Statistics (NBS) has reported a significant increase in the average retail prices of petrol and diesel in November 2024.

According to the NBS Petrol Price Watch for November 2024, the average retail price of petrol increased by 87.10% from N648.93 in November 2023 to N1,214.17 in November 2024.

The NBS also stated that the average retail price of diesel increased by 37.07% from N1,055.57 in November 2023 to N1,446.83 in November 2024.

READ ALSO: N2.23tn Paid as Ransom in 12 Months, Says NBS

The prices varied across states, with Benue paying the highest average retail price for petrol (N1,365.16) and Bauchi paying the highest average price for diesel (N2,232.04).

The NBS report further stated that “on a month-on-month basis, the price of petrol increased by 2.48% from N1,184.83 in October 2024, while the price of diesel increased by 0.38% from N1,441.28 in October 2024.”

Over 1.1 Million Nigerians Displaced, Says NBS

The National Bureau of Statistics (NBS) has reported that over 1.1 million Nigerians have been internally displaced, with a staggering 877,299 individuals driven from their homes due to ongoing conflict and violence.

The new figures show that 251,082 households across seven states have been affected by internal displacement.

Continue Reading Here

Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles
NNPCL to Hand Over Nigerian Refineries to Private Firms
Business

NNPCL Set to Sell Shares, Begins Preparation for Listing on Capital Market

The Nigerian National Petroleum Company Limited (NNPCL) is preparing to list its...

Marketers Project Fuel Price at N900 Per Litre
Business

Naira-for-Crude Suspension: Petrol Price Hike Looms as Talks Drag, Imports Rise

The price of Premium Motor Spirit (petrol) may rise further due to...

PETROAN Lauds NMDPRA Over Gas Distribution Licences
Business

PETROAN Commends FG, NNPCL for Successful Revamp of Port Harcourt Refinery

PETROAN has commended the Nigerian government and the NNPCL for successfully running...

Dangote Refinery Misses Production Date
Business

US Imports Over 2 Million Barrels of Jet Fuel from Dangote Refinery

The United States has imported over two million barrels of aviation fuel...