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

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in November 2022 was N808.87 per litre. This shows an increase of 191.14% on a year-on-year basis from a lower cost of N277.83 per litre recorded in the corresponding month of last year (2021). While on a month-on-month basis, the price increased by 0.97% from N801.09 recorded in the preceding month of October 2022. Looking at the variations in the state prices, the top three States with the highest average price of the product in November 2022 include Ebonyi (N869.00), Plateau (N865.00) and Nasarawa (N858.89).
Furthermore, the top three lowest prices were recorded in the following State namely, Akwa Ibom (N750.00), Benue (N772.00) and Borno (N780.50) The Zonal representation of the average price of Automotive Gas Oil (Diesel) shows that North Central has the highest price of N826.88 while the South-South zone has the lowest price of N783.73 when compared with other zones. 

Data source: National Bureau of Statistics