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

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in October 2022 was N801.09 per litre, an increase of 215.30% from N254.07 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 1.42% from N789.90 per litre reported in September 2022. On state profile analysis, the highest average price of the product in October 2022 was recorded in Ebonyi with N858.33, followed by Bauchi with N857.50, and Plateau with N856.25.
On the other hand, the lowest price was recorded in Akwa Ibom with N748.18, followed by Benue with N750.00 and Edo with N765.91. Furthermore, analysis by zone showed that the North-Central had the highest price with N818.41, while the South-South recorded the lowest price with N774.96. 

Data source: National Bureau of Statistics