Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 37.76% on a year-on-year basis from a lower cost of N817.86 per litre recorded in the corresponding month of last year to a higher cost of N1126.69 per litre in December 2023. On a month-on-month basis, an increase of 6.74% was recorded from N1055.57 in the preceding month of November 2023 to an average of N1126.69 in December 2023. Looking at the variations in the State prices, the top three States with the highest average price of the product in December 2023 include Sokoto State (N1300.0…