The National Bureau of Statistics (NBS) has said that the average price paid by consumers for petrol, diesel, and kerosene decreased in March compared to February, Premium Times reports.

The bureau released separate reports on Wednesday on each of the fuel products. The average price for petrol, per litre, decreased by 5.3 per cent from N172.5 in February to N163.4 in March. The average price recorded for March 2018, however, increased by 9.6 per cent when compared to the N149.4 in March 2017. Although the official price for the sale of petrol in Nigeria is N145, the report shows that petrol is sold at higher prices in almost all Nigeria’s 36 states and Abuja.

For diesel, the average price decreased by 1.65 per cent from N209.9 in February to N206.4 in March. The average price also decreased by 12 per cent when compared to the N234.5 recorded as the average price of diesel for March 2017. For kerosene, the average price per litre across states was N268.9. The average price was a 6.8 per cent decrease from the N288.6 recorded for February 2018 and a 13.6 per cent decrease from the N311.6 recorded for March 2017.

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