The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 43.41% on a year-on-year basis from a lower cost of N1004.98 per liter recorded in the corresponding month of last year (i.e., October 2023) to a higher cost of N1441.28 Per liter in October 2024. On a month-on-month basis, an increase of 1.58% was recorded from N1418.83 in September 2024 to an average of N1441.28 in October 2024. Looking at the variations in the State prices, the top three States with the highest average price of the product in October 2024 include Bauchi State (N2031.00), Benue State (N1792.00), and Plateau State (N1743.65). Furthermore, the top three lowest prices were recorded in the following State namely, Ogun State (N1200.71), Kaduna (N1244.50), and Ekiti State (N1278.65). The Zonal representation of average price of Automotive Gas Oil (Diesel) shows that North East Zone has the highest price of N1650.62 while South West Zone has the lowest price of N1326.50 when com pared with other Zones.

Data source: National Bureau of Statistics

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