Federal finance and statistics / National Bureau of Statistics

Automotive Gas Oil (Diesel) Price Watch (DECEMBER 2022)

Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers in December 2022 was N817.86 per litre, an increase of 182.64% from N289.37 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 1.11% from N808.87 per litre reported in November 2022. On state profile analysis, the highest average price of the product in December 2022 was recorded in Ebonyi with N869.25, followed by Bauchi with N860.00, and Ondo with N856.36 On the other hand, the lowest price was recorded in Akwa Ibom with N773.75, followed b…