On a Month-on-Month basis, the average price value saw a 1.93 percent increase, rising from N1,379.48 per liter in July 2024.According to the NBS report on Automotive Gas Oil (Diesel) Price Watch for August 2024, the top three States with the highest average price of the product in August 2024 were Kaduna State (N1,930.79), Bauchi State (N1,927.34), and Taraba (N1,638.14).Conversely, the three States with the lowest prices were Lagos State (N1,237.14), Ogun State (N1,255.00), and Osun (N1,268.18).**As a news writer, you could report:**”In August 2024, the average price of Automotive Gas Oil (Diesel) showed a 1.93% increase from the previous month, reaching N1,379.48 per liter. Kaduna State, Bauchi State, and Taraba had the highest prices, while Lagos State, Ogun State, and Osun had the lowest prices for the product.
This comes as the average retail price per litre for Household Kerosene (HHK) increased YoY by 45.21percent to N1,847.59 per liter in August 2024 compared to N1,272.40 per liter recorded in 2023.On MoM basis, the product increased by 4.39 percent from N1,769.86 per liter in July 2024.On state profile analysis, the highest average price per litre in August 2024 was recorded in Zamfara with N2,566.67, followed by Kano with N2,444.44 and Ogun with N2,388.89. On the other hand, the lowest price was recorded in Taraba with N1,181.18, followed by Adamawa with N1,185.74 and Borno with N1,296.95.
In addition, analysis by zone showed that the North West recorded the highest average retail price per litre for the product with N2,118.29, followed by the South-South with N2,075.45, while the North-East recorded the lowest with N1,454.38.
