The National Bureau of Statistics has said that the average price per litre paid by consumers for Premium Motor Spirit (Petrol) decreased by 9.6 per cent to N172.5 in February 2018 from the average price of N190.9 recorded in January 2018, Premium Times reports.

The average price of petrol however increased by 15.1 per cent when compared to the average price of N149.8 recorded for February 2017. The bureau disclosed this in a report titled Premium Motor Spirit (Petrol) Price Watch published on its website on Tuesday.

Also, in a report titled Automotive Gas Oil (Diesel) Price Watch, which it published on its website on Tuesday, the bureau said the average price per litre paid by consumers for Automotive Gas Oil (Diesel) decreased by 15.84 per cent to N209.9 in February 2018 from the average price of N249.38 recorded in February 2017. The average price for diesel also decreased by 1.84 per cent when compared to the average price of N213.82 recorded for January 2018.

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