Nigeria’s inflation advanced 0.2
percentage points to 9.2 percent in June, the highest level in over 24
months, as irregularity in fuel supply across the country continued to
weigh on local consumer prices, according to the National Bureau of
Statistics (NBS).
The NBS in a new report said fuel sold
at N112.13 per litre on the average across the country in June, much
higher than the N87 official price.
The Nigerian government last year cut
fuel pump price to N87 per litre to reflect reduced landing costs of
petroleum products, but figures from the NBS show that none of the 36
states, including the Federal Capital Territory sells the product at
that rate.
In June, average pump price of fuel was
costliest in Bayelsa at N155 per litre, followed by Niger at N138.33 and
then Kogi at N128.33. The product sold the cheapest in Zamfara at N93,
followed by Edo at N94.45. In Lagos, the nation’s commercial centre,
fuel sold N102.63 per litre last month.
