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

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in September 2022 was N789.90 per litre, an increase of 210.20% from N254.64 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 0.38% from N786.88 per litre reported in August 2022. On state profile analysis, the highest average price of the product in September 2022 was recorded in Ondo with N859.23, followed by Ebonyi with N849.00, and Niger with N841.67. On the other hand, the lowest price was recorded in Katsina with N710.00, followed by Yobe with N725.00 and Bayelsa with N726.67. Furthermore, analysis by zone showed that the North-Central had the highest price with N811.24, while the South-South recorded the lowest price with N762.74. 

Data source: National Bureau of Statistics