WED, MAR 20 2024-theGBJournal|The National Bureau of Statistics (NBS)in its latest Diesel Price Watch report said, the average retail price of Automotive Gas Oil (Diesel) paid by consumers rose by 50.20% on a year-on-year basis from a lower cost of N836.91 per litre recorded in the corresponding month of last year (i.e., February 2023) to a higher cost of N1,257.06 per litre in February 2024.
Analysis from the sample collected by the statistics office from outlets spread across 774 local government areas in all the 36 states and the FCT, Abuja, showed that on a month-on-month basis, an increase of 9.02% was recorded from N1,153.01 in the preceding month of January 2024 to an average of N1,257.06 in February 2024.
Similarly, looking at the variations in the States prices, the top three State with the highest average price of the product in February 2024 include Akwa Ibom State (N1,525.00), Gombe State (N1,500.00) and Kwara (N1,444.00).
Furthermore, the top three lowest prices were recorded in the following State namely, Adamawa State (N1,037.50), Kano State (N1,111.43) and Katsina State (N1,125.00).
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