Despite the increase in the fuel pump price, the National Bureau of Statistics (NBS) has stated that there was a drop in the price of transportation fare in October year-on-year (YoY).
The NBS in its transport fare report said the drop was experienced in comparison to prices paid in October 2023.
According to the bureau, the average fare paid by commuters for bus journeys within the city per drop increased to 0.98 per cent from N899.31 in September 2024 to N908.15 in October 2024.
On a year-on year basis, it declined by 18.72 per cent from N1,117.30 in October 2023. The average fare paid by commuters for bus journeys within the city per drop increased to 0.98 per cent from N899.31 in September 2024 to N908.15 in October 2024.
On a year-on year basis, it declined by 18.72 per cent from N1,117.30 in October 2023. In another category, the average fare paid by commuters for bus journey intercity per drop was N7,187.62 in October 2024, indicating an increase of 0.18 per cent on a month-on-month basis compared to N7,175.06 in September 2024.
On a year-on-year basis, the fare rose by 22.12 per cent from N5,885.68 in October 2023.
