Average price of petrol was N191/litre in January

A report of the National Bureau of Statistics (NBS) has indicated that many Nigerians are still paying far above the N145 per litre pump price of petrol approved by the Federal Government for the product,

The NBS in its Premium Motor Spirit (petrol) price watch for January stated that on the average, Nigerians paid the sum of N190.9 per litre for the product. This is about N46 per litre higher than the official pump price of the product.

The report is based on the actual amount spent by households for the purchase of the PMS across the federation. According to the report, consumers in Osun State were the worst hit as they paid N228.89 for the product in January.