Data released by the National Bureau of Statistics (NBS) show that the average airfare paid by passengers increased by 8.43 per cent in July 2022.
The agency disclosed this in its ‘Transport Fare Watch July 2022” report released yesterday.
It stated that the average fare paid by air passengers for specified routes single, increased by 8.43 per cent on a month-on-month basis from N56, 082.64 in June 2022 to N60, 811.75 in July 2022.
The report added that on a year-on-year, the fare rose by 65.34 per cent from 36,779.73 in July 2021.
The report also covered bus journey within the city per drop constant route, bus journey inter-city, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (okada) per drop; and waterways passenger transport.
The report also disclosed that the average fare paid by commuters for bus journeys within the city per drop, increased by 3.46 per cent on a month-on-month from N582.61 in June 2022 to N602.77 in July 2022.
On year-on-year, however, the bureau said the average fare paid by commuters for bus journeys within the city per drop rose by 44.76 per cent from N416.38 in July 2021 to N602.77 in July 2022.
In another category, the average fare paid by commuters for bus journey inter-city per drop rose to N3, 758.46 in July 2022 indicating an increase of 2.61 per cent on a month-on-month compared to the value of N3, 662.87 in June 2022.
The report noted that on a year-on-year, the fare prices rose by 47.85% from N2, 542.02 in July 2021.
The data also showed that while the average fare paid for water transport in July 2022 increased to N965.82 showing a growth of 2.39 per cent on a month-on-month from N943.26 in June 2022, on year-on-year, the fare rose by 15.56 per cent from N835.77 to N965.82 in July 2022.
