Average Petrol Price Drops to N150.28 in May’16 from N162.82 in Apr '16

Oil & Gas
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Tuesday, June 14, 2016 9:15AM /NBS

NBS publishes May 2016 PMS/Petrol price watch. Average price of petrol paid by households dropped to N150.28 in May 2016 compared to N162.82 in April representing YoY rise of 27% & MoM decline of -8%.

Highest prices paid for Petrol in May 2016 were recorded in Ebonyi N165.00, Yobe N164.17, Benue N162.27. The lowest prices paid for Petrol Were recorded in Zamfara N145.00, Lagos N144.75, Kaduna N144.62.

NB: The NBS report presents average monthly prices actually reportedly paid by households for PMS across the 36 States and FCT.

See complete breakdown for May 2016 below. 

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