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

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in May 2023 was N844.28 per litre, an increase of 25.81% from N671.08 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 0.24% from N842.25 per litre reported in April 2023. On state profile analysis, the highest average price of the product in May 2023 was recorded in Adamawa with N970.00, followed by Bauchi with N940.00, and Taraba with N915.50.
On the other hand, the lowest price was recorded in Bayelsa with N736.88, followed by Delta with N772.50 and Anambra with N775.71. Furthermore, analysis by zone showed that the North-East had the highest price with N908.02, while the South-East recorded the lowest price with N809.62. 

Data source: National Bureau of Statistics