Price of diesel increased by 182.64% in one year - NBS

• Published date: 22 January 2023
• Publication title: Nigeria - The Nation

THE National Bureau of Statistics (NBS) has said the price of Automotive Gas Oil (Diesel) rose by 182.64% in twelve months between December 2021 and December 2022.

This was contained in its document titled: 'Automotive Gas Oil (Diesel) Price Watch (December 2022).

The document said: '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.'

NBS said on a month-on-month basis, this increased by 1.11% from N808.87 per litre reported in November 2022.

It also said 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 by Benue with N777.50 and Borno with N785.00.

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NBS said furthermore, analysis by zone showed that the South-West had the highest price with...