Automotive Gas Oil (Diesel) Price Watch (April 2022)

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 175.92% from N237.19 in April 2021 to N654.46 recorded in April 2022. On a month-on-month basis, the average retail price increased from N539.32 in March 2022, indicating a rise of 21.35% when compared to the average retail price paid in April 2022.
On state profile analysis, the state with the highest average price for Diesel in April 2022 was Osun with N707.00, followed by Abuja and Oyo with N706.00 and N704.00 respectively. On the other hand, the state with the lowest average retail price was Yobe with N535.00, followed by Kogi and Bauchi maintaining the same retail price of N550.00 each, and Imo with N583.41. In addition, the zone analysis shows that the average price of Diesel was highest in the South-West with N688.94, while the North-East had the lowest price with N617.11

Data source: National Bureau of Statistics