Air transport fare rises by 8.70% in one year, says NBS

The National Bureau of Statistics (NBS) has said in one year, air transport fares rose by 8.70% from N72,690.54 in September 2022 to N79,013.48 in September 2023.

This was contained in its document titled: “Transport Fare Watch for September 2023.”

According to the data: “In air travel, the average fare paid by air passengers for specified routes single journey was N79,013.48 in September 2023, showing no significant differences in the fare paid in the previous month. On a year-on-year basis, the fare rose by 8.70% from N72,690.54 in September 2022.”

The document explained that Transport Fare Watch for September 2023 covers 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.

NBS said the average fare paid by commuters for bus journeys within the city per drop increased by 0.11% from N1,336.38 in August to N1,337.80 in September 2023.

On a year-on-year basis, said the bureau, it rose by 117.29% from N615.69 in September 2022.

NBS added that in another category, the average fare paid by commuters for bus journey intercity per drop declined to N5,917.16 in September 2023, indicating a decrease of 0.02% on a month-on-month basis compared to N5,918.18 in August 2023. On a year-on-year basis, the fare rose by 56.12% from N3,790.06 in September 2022.

Source: The Nation

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