The sale of petrol, known as Premium Motor Spirit (PMS) dropped by -0.8% percent in May 2018 from N151.4 in April 2018, PMS Price watch of National Bureau of Statistics (NBS) confirmed today.
NBS in its report listed Borno, Benue & Akwa Ibom as paying N166.08, N160.31, N160.31, and N159.44 respectively for the product. They paid highest. While Katsina, Kano & Bauchi experienced the lowest average price of premium motor spirit (petrol) paying N144.82, N144.87 and N144.93 respectively.
According to the NBS, the Average price paid by consumers for premium motor spirit (petrol) decreased by -0.3% year-on-year and -0.8% month-on-month to N150.2 in May 2018 from N151.4 in April 2018.