The worth of Premium Motor Spirit (PMS), generally known as petrol, has witnessed a big surge over the previous 12 months, reaching a median of N1,184.83 nationwide as of October 2024.
In keeping with the most recent information from the Nationwide Bureau of Statistics (NBS), petrol costs have risen by 87.88% between October 2023 and October 2024.
The Premium Motor Spirit Worth Watch report revealed that the commodity’s worth jumped by 14.98%, from N1,030.46 in September 2024 to N1,184.83 in October 2024.
Nonetheless, gas costs fluctuate throughout Nigeria’s 36 states, inflicting shoppers in some areas to pay extra for petrol.
Given Nigeria’s heavy reliance on petrol-powered turbines and autos resulting from inconsistent electrical energy provide, increased gas costs in sure states usually result in elevated operational prices for companies and households.
This, in flip, drives up the price of items and providers in these areas.
Under are the highest ten states the place shoppers paid probably the most for petrol as of October 2024, listed from the bottom to the best.
10. Imo State
Imo State continues to have excessive petrol costs, with residents paying a median of N1,237.48 per liter in October 2024.
Whereas barely above the nationwide common, this worth is among the many highest throughout the 36 states, driving up dwelling prices and operational bills for each households and companies within the state.
9. Taraba State
Taraba State ranks ninth on the checklist of states with the best petrol costs as of October 2024.
The NBS information reveals that residents on this Northcentral state paid a median of N1,243.9 per liter of petrol final month.
8. Bayelsa State
Bayelsa State is without doubt one of the most costly states for petrol in October 2024.
In keeping with the Premium Motor Spirit Worth Watch report, the typical worth of petrol within the state was N1,250 per liter.
7. Cross River State
Cross River State ranks seventh among the many states with the best gas costs in Nigeria as of October 2024.
The report signifies that residents of this South-South state paid N1,255.56 per liter of petrol on common through the month.
6. Akwa Ibom State
Akwa Ibom State, one other South-South state, intently follows Cross River in gas pricing.
The NBS information reveals that residents paid a median of N1,258.3 per liter of petrol in October, making it the sixth most costly state for petrol within the nation.
5. Abia State
Abia State ranks fifth amongst states with the best petrol costs in October 2024.
The info reveals that residents within the state paid a median of N1,278.125 per liter through the month.
4. Anambra State
Anambra State ranks fourth on the checklist, with residents paying N1,283.13 per liter of petrol in October 2024.
The state can also be the second most costly for gas within the Southeast area, trailing solely Ebonyi State.
3. Borno State
Borno State, within the Northeast, is the third most costly state for petrol in October 2024.
NBS information reveals that residents paid a median of N1,283.7 per liter final month.
2. Jigawa State
Jigawa State ranks because the second most costly state for petrol in October 2024 and the best within the Northwest area.
Residents in Jigawa paid a median of N1,288.18 per liter of petrol through the month.
1. Ebonyi State
Ebonyi State tops the checklist as the costliest state for petrol in October 2024.
In keeping with NBS information, a liter of petrol in Ebonyi State price a median of N1,292.8, making it the best within the nation.
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