The average retail price of a litre of automotive gas oil (AGO), otherwise known as diesel, in December 2022, was N817.86 per litre, an increase of 182.64 per cent from N289.37 recorded in the same month in 2021.
The National Bureau of Statistics AGO Price Watch for December 2022 shows that the price of diesel has risen consistently for 11 consecutive months last year after it dropped from N289.37 in December 2021, to N288.09 in January 2022.
On the other hand, the lowest price was recorded in Akwa Ibom with N773.75, followed by Benue with N777.5 and Borno with N785. Zonal analysis showed that the South-West had the highest price with N841.35, while the South-South recorded the lowest price at N798.54.
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