The latest report from the National Bureau of Statistics (NBS) shows that the average retail price of Automotive Gas Price (AGO) Diesel, decreased by 5.71% from N1,462.98 recorded in June to N1,379.48 in July 2024.
This was contained in the Bureau’s Automotive Gas Price Watch Report released on Sunday.
On a year-on-year basis, the price increased by 73.63% from a lower cost of N794.48 per liter recorded in the corresponding month of last year (i.e., July 2023) to a higher cost of N1379.48 Per liter in July 2024.
The report said, looking at the variations in the State prices, the top three States with the highest average price of the product in July 2024 include Taraba State (N1721.79), Borno State (N1694.17), and Bauchi (N1619.54).
Furthermore, it said, the top three lowest prices were recorded in the following State namely, Kogi State (N1186.31), Kano State (N1211.11), and Osun (N1246.82).
The Zonal representation of average price of Automotive Gas Oil (Diesel) shows that North East Zone has the highest price of N1600.85 while South West Zone has the lowest price of N1266.57 when compared with other Zones.
