Automotive Gas Oil (Diesel) Price Watch (April 2023)

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in April 2023 was N842.25 per litre, an increase of 28.69% from N654.46 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 0.17% from N840.81 per litre reported in March 2023.
On state profile analysis, the highest average price of the product in April 2023 was recorded in Adamawa with N980.33, followed by Bauchi with N934.46, and Borno with N900.50. On the other hand, the lowest price was recorded in Bayelsa with N708.04, followed by Kebbi with N773.33 and Anambra with N773.56. Furthermore, analysis by zone showed that the North-East had the highest price with N895.42, while the South-South recorded the lowest price with N807.59. 

Data source: National Bureau of Statistics