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

Executive Summary

The average retail price of Automotive Gas Oil (Diesel) paid by consumers in June 2023 was N815.83 per litre, an increase of 11.18% from N733.78 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this decreased by 3.37% from N844.28 per litre reported in May 2023. On state profile analysis, the highest average price of the product in June 2023 was recorded in Taraba with N899.23, followed by Adamawa with N875.67, and Niger with N873.33. On the other hand, the lowest price was recorded in Bayelsa with N733.20, followed by Imo with N742.71 and Kebbi with N746.00. Furthermore, analysis by zone showed that the North-Central had the highest price with N856.97, while the South-East recorded the lowest price with N776.69. 

Data source: National Bureau of Statistics