Federal finance and statistics / National Bureau of Statistics

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

Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 36.98 percent year-on-year from a lower cost of ₦227.76 per litre in February 2021 to a higher cost of ₦311.98 per litre in February 2022. On a month on month, the average price of Diesel stood at ₦311.98 per litre in February 2022 indicating an increase of 8.29 percent from ₦288.09 in January 2022. Looking at the State variations of prices, the state with the highest average price per litre in February 2022 was Edo with ₦373.18, followed by Oyo state with ₦372.38 and Plateau wi…