Price of Diesel in January Highest in South East

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CEM REPORT | The zonal distribution of average retail prices of Automotive Gas Oil commonly known as Diesel shows that South-East pays as much as N317.45 per liter representing the highest in the month of January 2022.

Nigerian Bureau of Statistics revealed this in the recently released report on the changes in the average retail price of the product nationwide

According to the report, the South East is followed by South-West and South-South with N314.25 and N303.05 respectively. While the zone with the lowest average retail price was the North-West with N243.62.

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On a general average, retail price of Diesel paid by consumers increased by 28.12 percent on a year-on-year from N224.86 per litre in January 2021 to N288.09 per litre in January 2022. On a month-on-month, the average retail price of Diesel stood at N288.09 per litre in January 2022 indicating a decline of 0.44 percent from N289.37 in December 2021.

Looking at the State variations of average retail prices, the top three states with the highest average price per litre in January 2022 were Ebonyi, Edo and Osun with N343.00, N331.64, and N328.89 respectively. Also, the states with the lowest average prices per litre were Yobe, Kano and Sokoto with N216.67, N224.29, and N225.73 respectively.

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