PETROL PRICE JUMPS 76% IN ONE YEAR – NBS

The National Bureau of Statistics has said the average pump price of Premium Motor Spirit, also known as petrol, surged by 76.73 per cent year-on-year to N1,239.33 per litre in April 2025,
This represents a sharp rise from N701.24 recorded in April 2024, highlighting the continued volatility in the downstream petroleum market following the removal of fuel subsidies.
However, compared to March 2025, when the average stood at N1,261.65, petrol prices dropped slightly by 1.77 per cent.
The figures are contained in the NBS report titled “Premium Motor Spirit (petrol) Price Watch (April 2025)”, released on Wednesday.