REPORT: Price of Diesel Increased In December 2020

The National Bureau of Statistics in its latest report has said that the average price paid by consumers for automotive gas oil (diesel) increased by N224.37, 0.28 percent in December. According to the report, while the price increased month over month, it decreased by -2.37% year-on-year from N229.81 to N224.37.

“States with the highest average price of diesel were Taraba (N266.00), Adamawa (N262.50) and Zamfara (N257.50).

“States with the lowest average price of diesel were Kwara (N195.00), Gombe (N197.50) and Osun (N201.09).”

Across zones, the northern region sold at an average price of N240.57(North West), N238.88 (North East) and N226.37 (North Central). While the southern region sold at averagely N209.27 (SouthWest) N216.25 (South-South) and N209.35 (SouthEast).

However, between January and December 2020, the prices of Diesel had fluctuated between N229 and N219.

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

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