Average price of petrol drops to N150

Ugo Okoro

The average price of petrol paid by Nigerian households dropped to N150.28 in May,  compared to N165.11 in April.

This represents a year-on-year rise of 27% and month-on-month decline of -8%.

National Bureau of Statistics, NBS, in its May PMS/Petrol price watch, said the highest prices paid for Petrol in May 2016 were recorded in Ebonyi, N165.00; Yobe, N164.17 and Benue, N162.27.

The lowest prices paid for Petrol were recorded in Zamfara, N145.00; Lagos, N144.75 and Kaduna, N144.62