Air Travel Price Increases By 4.43% Fare Rise In March – NBS

By NewsTrack Nigeria
April 25, 2022

The National Bureau of Statistics (NBS) on Monday said average airfare increased from N44.825.04 in February 2022 to N46,810.62 in March 2022, indicating 4.43% fare rise in the period under review.

In its “Transport Fare Watch in March 2022,” document, the Bureau said: “The average fare paid by air passengers for specified routes single journey, increased by 4.43 percent on a month-on-month from N44,825.04 in February 2022 to N 46,810.62 in March 2022. On a year-on-year, the fare rose by 28.26 percent (N36,495.41) in March 2021.”

The report also covered the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.

It noted that the average fare paid by commuters for bus journey intercity per drop rose to N3,270.94 in March 2022 indicating an increase of 5.29percent on a month-on-month compared to the value of N3,106.72 in February 2022.

The fare, said NBS, however, rose by 35.65 percent (N2,411.29) on a year-on-year, in March 2021.

According to the report, similarly, the average fare paid by commuters for bus journey within the city per drop, increased by 4.41 percent on a month-on-month from N513.72 in February 2022 to N536.35 in March 2022.

The NBS said in terms of year-on-year, however, the average fare paid by commuters for bus journey within the city per drop rose by 42.17 percent from N 377.27 in March 2021 to N536.35 in March 2022.

Continuing, the Bureau said “in another category, the average fare paid by commuters for journey by motorcycle per drop increased by 4.22 percent on month-on-month from N379.12 in February 2022 to N395.12 in March 2022.

“Also, in terms of year-on-year, the fare rose by 45.57 percent from N 271.44 in March 2021 to N395.12 in March 2022.

” The average fare paid for water transport (water way passenger transportation) in March 2022 dropped to N 890.03 showing a decrease of 2.53 percent on month- on-month from N 913.13 in February 2022. On year-on-year, the fare rose by 10.10 percent from N 808.38 in March 2021 to N890.03 in March 2022.”