In April 2026, the average retail price of Premium Motor Spirit (petrol) in Nigeria reached ₦1,532.93 per litre, marking a significant increase of 19 percent. This surge in transport fuel costs is attributed to ongoing inflationary pressures affecting the downstream petroleum sector. The data was published in the latest Premium Motor Spirit (Petrol) Price Watch report by the National Bureau of Statistics (NBS), highlighting the rising energy costs that are impacting consumers across the country.
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