WATCH THE VIDEO HERE The National Bureau of Statistics (NBS) revealed this in its latest report where it noted that from one month to the next, there was a 9.75 percent increase, moving from ₦701.24 per liter in April 2024. The NBS indicated that Jigawa State was the most expensive with a price of ₦937.50 per liter, followed by Ondo and Benue States at ₦882.67 and ₦882.22 per liter, respectively. Nonetheless, Lagos, Niger, and Kwara States were found to have the lowest average retail prices for the product, as reported by the NBS, at ₦636.80, ₦642.16, and ₦645.15 per liter, respectively. According to the NBS report, the North-West Zone had the highest average retail price at ₦845.26, while the North Central Zone had the lowest at ₦695.04. At the same time, the typical cost of Automotive Gas Oil (Diesel) that consumers had to pay rose by 66.29 percent to ₦1403.96 per liter in May 2024, compared to ₦844.28 per liter paid in May 2023. On a month-to-month basis, there was a slight drop of 0.78 percent, dropping to ₦1415.06 per liter in April 2024. The report stated “ Looking at the variations in the State prices, the top three State with the highest average price of the product in May 2024 include Adamawa State (₦1709.00), Sokoto State (₦1675.00) and Bauchi (N1657.92). “Furthermore, the top three lowest prices were recorded in the following State namely, Niger State (₦1140.20), Kano State (N1153.33) and Oyo State (N1236.92).” The report stated that the Zonal representation of average price of diesel showed that North-East Zone has the highest price of ₦1605.91 while South West Zone has the lowest price ₦1303.60 when compared with other Zones. This comes as the average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2024 was ₦1,450.35, indicatiing an increase of 0.74 percent when compared to ₦1,439.64 recorded in April 2024. On a year-on-year, YoY,basis, the average retail price per litre of the product rose by 20.26% from ₦1,206.05 in May 2023. On state profile analysis, the highest average price per litre in May 2024 was recorded in Benue with ₦1,790.92, followed by Kaduna with ₦1,769.65 and Cross River with States2.94. On the other hand, the lowest price was recorded in Katsina with ₦1,230.81, followed by Kwara with ₦1,260.07 and Jigawa with ₦1,263.91. In addition, analysis by zone showed that the North Central recorded the highest average retail price per litre of Household Kerosene with ₦1,534.12, followed by the South-West with ₦1,488.97, while the North-East recorded the lowest with ₦1,408.41.The average cost that Nigerians pay for Premium Motor Spirit (PMS), also known as petrol or fuel, rose by 223.21 percent from the previous year, year-over-year, to ₦769.62 per liter in May 2024, compared to N238.11 per liter in the same period of 2023.