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The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N238.11 in May 2023 to N769.62 in May 2024. It made the declaration in its Petrol Price Watch for May 2024, released in Abuja on Wednesday. It stated that the May 2024 price of N769.62 represented a 223.21 per cent increase over the price of N238.11 recorded in May 2023.