86% Of Nigerians Buy Petrol At N199, Says NOIpolls

Related stories

US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says

U.S. energy firms this week cut the number of...

Tinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter Rufai

By Abiola Olawale President Bola Ahmed Tinubu has expressed profound...

Natasha vs Akpabio: Court Orders Senate President To Recall Senator Natasha

Warns Natasha Against inappropriate Conduct By Abiola Olawale The Federal...

Hadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APC

By Abiola Olawale Former Minister of Aviation, Hadi Sirika, has...

NOI polls, a research and survey firm says 86 per cent of  Nigerians buy petrol  at an average of N199 per litre.

The firm revealed this in its latest report released in Abuja, on Tuesday adding that the amount was far above the N145 per litre price approved by the Federal government.

It challenged the Department of petroleum Resources to enforce price monitoring mechanism.

It said the finding was in line with the National Bureau of Statistics (NBS), petrol price watch report, which revealed that Nigerians buy petrol at an average of N191 per litre in January 2018.

It added that the result of the polls which  was conducted in  February, 5, 2018  highlighted the need for stakeholders in the oil and gas sector, especially the Department for Petroleum Resources (DPR), to intensify efforts towards price monitoring exercises.

This, it said would ensure that products allocated to each state of the federation were dispensed to buyers at the official pump price.

The report explained that the first question gauged the proportion of Nigerians who buy petrol, adding that it was revealed that 72 per cent of Nigerian adults confirmed they buy petrol, either for use in their vehicles or equipment.

The equipment it named includes generators, grinding machines among others.

According to the report, this response cuts across gender, geo-political zones and age groups, with each demography having over 50 per cent of the respondents, indicating that they buy petrol.

“Poll results revealed that most Nigerians, 56 per cent, buy petrol from Independent Marketer’s filling stations and residents from the South-East had the highest percentage of respondents in this category with 78 per cent representation.

“ While 23 per cent mentioned Major Marketers’ filling stations, it is interesting to note that 12 per cent of the respondents buy from black market sellers (street hawkers) and only nine percent indicated that they buy from the NNPC Mega Stations.

“The prevailing price of petrol was also ascertained and results revealed that an overwhelming proportion, 86 per cent, of Nigerians disclosed that they buy petrol above the official price of N145.

“And this assertion cuts across gender, geo-political zones and age groups with each demography having over 70 per cent of the respondents indicating that they buy petrol above the official price in their respective region.

“Further analysis revealed that of all the various prices mentioned by respondents, Nigerians buy a litre of petrol for an average price of N199 nationwide.

“Also, residents in the North-West zone pay the highest average price of N221 for a litre of Petrol, while the respondents resident in the South-West zone pay the lowest average price of N179 per litre.” It said

As a result, the NOIPolls concluded that although petrol scarcity seems to have disappeared, most Nigerians still buy petrol above the official price of N145 per litre and at an average of N199 per litre nationwide.(NAN)

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes saysExclusive! Tinubu Tips Late Ajimobi's Wife, Florence, Others for Ambassadorial PostsTinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsHow Super Eagles Icon Peter Rufai passed Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad2027: Abure, Usman Clash Over Peter Obi’s Rising Profile in ADC CoalitionMTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AIGanduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024
X whatsapp