Nigeria: Petrol price watch Feb. 2018


The sale of petrol, known as Premium Motor Spirit (PMS) dropped to 9.6 percent February 2018 amidst its mild scarcity from N 190.9 in January 2018, PMS Price watch of National Bureau of Statistics (NBS) confirmed today.

NBS in its report listed Plateau, Osun & Edo as paying N206.82, N201.29, and N200.83 respectively to procure the product. They paid highest, while Katsina, Abuja, and Kogi experienced the lowest average price of premium motor spirit (petrol) paying N145.00, N145.00 and N147.06 respectively.

According to the NBS, the average price paid by consumers for premium motor spirit (petrol) increased by 15.1% year-on-year and -9.6% month-on-month to N 172.5 in February 2018fromN 190.9 in January 2018.