The average retail price of Automotive Gas Oil (Diesel) paid by consumers in Nigeria increased by 202.67% on a year-on-year basis from a lower cost of N242.43 per litre recorded in June 2021 to a higher cost of N733.78 per litre in June 2022, the National Bureau of Statistics (NBS) has said.
According to the report released by NBS, on a month-on-month basis, an increase of 9.34% was recorded from N671.08 in May 2022 to an average of N733.78 in June 2022.
The price of diesel varies from state to state across the country, with Kwara having the highest average price.
Looking at the variations in the state prices, the top three states with the highest average price of the product in June 2022 include, Kwara (N800.00), Delta (N798.50) and Katsina (N786.36).
On the other hand, the top three lowest prices were recorded in Bauchi (N650.00), Yobe (N675.00) and Kogi (N678.00).
The Zonal representation of the average price of Automotive Gas Oil (Diesel) shows that North-West has the highest price of N758.79 while North East has the lowest price of N715.00 when compared with other zones, according to the report.
The average prices in the other zones are North Central (N735.55), South East, (N743.58) South South (723.70) and South West (N723.25).
AUTOMOTIVE GAS OIL (DIESEL) AVERAGE PRICES PER LITRE
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.