Federal finance and statistics / National Bureau of Statistics

Automotive Gas Oil (Diesel) Price Watch (May 2024)

Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 66.29% on a year-on-year basis from a lower cost of N844.28 per liter recorded in the corresponding month of last year (i.e., May 2023) to a higher cost of N1403.96 per liter in May 2024. On a month-on-month basis, a decrease of 0.78% was recorded from N1415.06 in the preceding month of April 2024 to an average of N1403.96 in April 2024. Looking at the variations in the State prices, the top three State with the highest average price of the product in May 2024 include Adamawa State (N1709.0…