Nigeria, March 21 -- The average retail price paid by consumers for petrol rose by 54.76 per cent in February, the National Bureau of Statistics (NBS) has said.

The bureau said this in its "Premium Motor Spirit (Petrol) Price Watch" for February 2023 released on Monday.

The NBS said the average retail price paid by consumers for petrol in February 2023 was N263.76, indicating a 54.76 per cent increase when compared to the value recorded in February 2022 (N170.42).

The bureau also said that comparing the average price with the previous month (.i.e. January 2023), the average retail price increased by 2.58 percent from N257.12.

On state profile analysis, the report said Jigawa state had the highest average retail price for petrol at N32...