New Fuel Pump Price: Transport Companies Adjust Fares
- Transport companies across the country adjusted their fares amid the rise in petrol prices at filling stations
- The adjustment was felt more by Nigerians traveling between states, as bus fares within cities were reduced
- For intercity bus travel, the highest fare was recorded in Anambra, while the lowest fare was recorded in Kwara
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The National Bureau of Statistics (NBS) has revealed that the average cost of bus journeys within the city per drop averaged N869.35 in August 2024.
This represents a 7.77% decrease in fares for bus journeys within the city compared to the average fare of N942.61 reported in July 2024.
Source: Facebook
When the fare in August 2024 is compared to the same month in 2023, the cost of bus journeys within the city per drop declined by 34.95% from N1,336.38 in August 2023.
NBS disclosed the figures in its latest transport fare watch list report for August 2024, released on its website.
However, in another category, the average fare paid by commuters for intercity bus journeys per trip was N7,159.00 in August 2024.
This is an increase of 0.59% on a month-on-month basis compared to N7,117.17 in July 2024.
On a year-on-year basis, the fare rose by 20.97% from N5,918.18 in August 2023
Nigerian states with the highest, lowest transport costs
The report also provided a breakdown of state residents paid more for travel by bus.
Ten states with the highest bus journey intercity, state route
- Anambra: N9,580.85
- Gombe: N8,349.26
- Akwa Ibom: N8,223.15
- Delta: N8,209.18
- Abia: N8,140.00
- Bayelsa: N8,110.19
- Abuja: N8,081.39
- Cross River: N8,078.37
- Adamawa: N7,751.67
- Oyo: N7,675.51
Ten states with bus journeys within the city
- Zamfara: N1,155.52
- Ondo: N1,065.20
- Taraba: N1,031.65
- Gombe: N1,015.90
- Jigawa: N1,004.07
- Imo: N1,003.89
- Enugu: N1,000.41
- Lagos: N965.94
- Plateau: N965.72
- Rivers: N959.13
Filling stations sell fuel at new price
Legit.ng earlier reported that NNPC Limited has announced estimated petrol pump prices across all states, which Nigerians should expect.
In Lagos, residents will now pay N920 per litre, while in some other states, a litre of petrol could go for as high as N1,056.
NNPC explained that the new prices for September are based on figures obtained from the Dangote refinery and not set by the federal government.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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