The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 59.28% on a year-on-year basis from a lower cost of N890.80 per liter recorded in the corresponding month of last year (i.e., September 2023) to a higher cost of N1418.83 Per liter in September 2024. On a month-on-month basis, an increase of 0.91% was recorded from N1406.05 in August 2024 to an average of N1418.83 in September 2024.

Looking at the variations in the State prices, the top three States with the highest average price of the product in September 2024 include Bauchi State (N2061.67), Gombe State (N1615.00), and Akwa Ibom State (N1592.86). Furthermore, the top three lowest prices were recorded in the following State namely, EKiti State (N1241.46), Abuja (N1262.25), and Oyo State (N1276.47). The Zonal representation of average price of Automotive Gas Oil (Diesel) shows that North East Zone has the highest price of N1581.97 while South West Zone has the lowest price of N1333.06 when com pared with other Zones.

Data source: National Bureau of Statistics

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