The National Bureau of Statistics (NBS) on Wednesday said passenger airfare rose by 0.31% from N55,906.86 in May 2022 to N56,082.64 in June 2022.
According to the Bureau in its “Transport Fare Watch,” for June 2022, the fare increased by 52.97% year-on-year basis.
NBS said: “While the average fare paid by air passengers for specified routes on a single journey, increased by 0.31%, on a month-on-month from N55,906.86 in May 2022 to N56,082.64 in June 2022.
“On a year-on-year, the fare rose by 52.97% (N36,662.57) in June 2021.”
It noted the report shows Transport Fare Watch for June 2022 covering the following categories: bus journey within the city per drop constant route; bus journey intercity, state route charged per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.
According to the report, the average fare paid by commuters for bus journeys within the city per drop, increased by 0.10%, on a month-on-month from N582.06 in May 2022 to N582.61 in June 2022. In terms of year-on-year.
However, the average fare paid by commuters for bus journeys within the city per drop rose by 42.02% from N410.23 in June 2021 to N582.61 in June 2022.
The average fare paid by commuters for bus journey intercity per drop, said NBS, rose to N3,662.87 in June 2022 indicating a decline of -0.16% on a month-on-month compared to the value of N3,668.64 in May 2022.
It noted that on a year -on-year, the fare prices rose by 45.21% from N2522.44 in June 2021.
The Bureau added that in another category, the average fare paid by commuters for journeys by motorcycle per drop declined by -0.10% on month-on-month from N417.39 in May 2022 to N416.97 in June 2022.
Continuing, it said “Also, in terms of year-on-year, the fare rose by 43.20% from N291.18 in June 2021 to N416.97 in June 2022.
While the average fare paid for water transport (waterway passenger transportation) in June 2022 increased to N943.26 showing a growth of 0.17% on a month-on-month from N941.63 in May 2022. On year-on-year, the fare rose by 12.80% from N836.23 in June 2021 to N943.26 in June 2022.”
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