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

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in August 2022 was N786.88 per litre, an increase of 209.54% from N254.21 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 1.61% from N774.38 per litre reported in July 2022. On state profile analysis, the highest average price of the product in August 2022 was recorded in Ebonyi with N861.67, followed by Ondo with N850.00, and Abuja with N845.00. On the other hand, the lowest price was recorded in Katsina with N702.22, followed by Yobe with N705.00 and Akwa Ibom with N731.82. Furthermore, analysis by zone showed that the North-Central had the highest price with N813.24, while the South-South recorded the lowest price with N762.41. 

Data source: National Bureau of Statistics