It made the declaration in its Petrol Price Watch for September 2024 released in Abuja on Friday.

It stated that the September 2024 price of ₦1030.46 represented a 64.55 per cent increase over the price of ₦626.21 recorded in September 2023.

“Comparing the average price value with the previous month of August the average retail price increased by 24.08 per cent from 830.46.”

On state profiles analysis, the report said Katsina paid the highest average retail price of ₦1096.15 per litre, followed by Ebonyi and Akwa Ibom at ₦1090.94 and ₦1085.71, respectively.

“Conversely, Yobe, Sokoto, and Kebbi paid the lowest average retail price at 939.38, 961.67, and 986.67, respectively,’’ it stated.

Analysis by zones showed that the North-West Zone recorded the highest average retail price in September 2024 at ₦1036.52, while the Northeast recorded the lowest price at ₦1014.55 per litre.

The NBS also stated in its Diesel Price Watch Report for September 2024 that the average retail price was ₦1,418.83 per litre.

It said that the September 2024 price of ₦1418.83 per litre amounted to a 59.28 per cent increase over the ₦890.80 per litre paid in September 2023.

“On a month-on-month basis, the price increased by 0.91 per cent from the 1,406.05 per litre recorded in August 2024,’’ it added.

On state profile analysis, the report said the highest average price of diesel in September 2024 was recorded in Bauchi at ₦2,061.67 per litre, followed by Gombe at ₦1,616.00 and Akwa Ibom at ₦1,592.86.

On the other hand, the lowest price was recorded in Ekiti at ₦1,241.46 per litre, followed by Abuja at ₦1,262.25 and Oyo at ₦1,276.47.

In addition, the analysis by zones showed that the North-East Zone had the highest price of ₦1,581.97 per litre, while the South-West recorded the lowest price at ₦1,333.06 per litre.

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