WED, JUNE 21 2023-theGBJournal |Consumers of Automotive Gas Oil (Diesel) continues to hemorrhage from the ever rising price of the commodity, exacerbated by the swinging mood of the Naira.
According to the latest data published today by the National Bureau of Statistics (NBS), the average retail price paid by consumers in May 2023 was N844.28 per litre, an increase of 25.81% from N671.08 per litre recorded in the corresponding month of the previous year.
The data shows that on a month-on-month basis, it rose by 0.24% from N842.25 per litre reported in April 2023.
On state profile analysis, the highest average price of the product in May 2023 was recorded in Adamawa with N970.00, followed by Bauchi with N940.00, and Taraba with
N915.50.
On the other hand, the lowest price was recorded in Bayelsa with N736.88, followed by Delta with N772.50 and Anambra with N775.71. Furthermore, analysis by zone showed that the North-East had the highest price with N908.02, while the South-East recorded the lowest price with N809.62.
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