The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 73.63% on a year-on-year basis from a lower cost of N794.48 per liter recorded in the cor responding month of last year (i.e., July 2023) to a higher cost of N1379.48 Per liter in July 2024. On a month-on-month basis, a decrease of 5.71% was recorded from N1462.98 in June 2024 to an average of N1379.48 in July 2024.

Looking at the variations in the State prices, the top three States with the highest average price of the product in July 2024 include Taraba State (N1721.79), Borno State (N1694.17), and Bauchi (N1619.54). Furthermore, the top three lowest prices were recorded in the following State namely, Kogi State (N1186.31), Kano State (N1211.11), and Osun (N1246.82). The Zonal representation of average price of Automotive Gas Oil (Diesel) shows that North East Zone has the highest price of N1600.85 while South West Zone has the lowest price of N1266.57 when compared with other Zones.

Data source: National Bureau of Statistics

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