Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 168.26% on a year-on-year basis from a lower cost of N311.98 per litre recorded in the corresponding month of last year to a higher cost of N836.91 per litre in February 2023. On a month-on-month basis, an increase of 0.98% was recorded from N828.82 in the preceding month of January to an average of N836.91 in February 2023. Looking at the variations in the State prices, the top three States with the highest average price of the product in February 2023 include Bauchi (N904.33), Abuja (N885…