Price of diesel in Nigeria rises by 182% to N817.86 in 2022 – NBS


National Bureau of Statistics (NBS) has disclosed that the average retail price of diesel, also known as Automotive Gas Oil (AGO) paid by consumers in December 2022 was N817.86 per litre.

According to NBS, this represents an increase of 182.64 per cent from N289.37 per litre recorded in the corresponding month of the previous year.

The NBS further said 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,” a summary of the report published on the NBS website said.

On the other hand, the lowest price was recorded in Akwa Ibom with N773.75, followed by Benue with N777.50 and Borno with N785.00, it added.

An analysis by zone showed that the South-West had the highest price with N841.35, while the South-South recorded the lowest price with N798.54.

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