Nigeria’s price of diesel decreases in July – NBS reports

The average retail price of Automotive Gas Oil (Diesel) sold in Nigeria decreased by 5.71 percent in July, 2024 compared to June.

 

This is according to the National Bureau of Statistics latest AGO July’s price report released recently.

 

The report showed that the price of diesel decreased to N1379.48 per liter in July from N1462.98 in June.

 

However, on a year-on-year basis, the country’s price of diesel increased by 73.63 percent from N794.48 per liter recorded in the corresponding month of last year.

 

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).

 

Conversely, the top three lowest prices were recorded in the following states: Kogi State (N1186.31), Kano State (N1211.11), and Osun (N1246.82).