Although the retail price of Automotive Gas Oil paid by consumers presently sells for N350 a litre and more in other states, the National Bureau of Statistics has revealed that the commodity increased by 28.97 per cent on a year-on-year basis from a lower cost of N224.37 per litre recorded in November of last year to a higher cost of N289.37 per litre in December 2021.
Looking at the variations in the state prices, the top three States with the highest average price of the product in December include, Enugu N349.29, Borno N340.00 and Oyo N326.25. The zonal representation of average price of Automotive Gas Oil shows that South-East has the highest price of N307.35, while North West has the lowest price N263.65 when compared with other zones.
The value according to the NBS, decreased on month-on-month basis to N165.77 in December 2021 from N167.60, showing a decrease of -1.09 per cent when compared to the value recorded in November 2021.
Which December
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