Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 2.60% on a year-on-year basis from a lower cost of N774.38 per litre recorded in the corresponding month of last year to a higher cost of N794.48 per litre in July 2023. On a month-on-month basis, a decrease of -2.62% was recorded from N815.83 in the preceding month of June to an average of N794.48 in July 2023. Looking at the variations in the State prices, the top three State with the highest average price of the product in July 2023 include Niger State (N892.50), Abia State (N890.63) and…