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Automotive Gas Oil (Diesel) Price Watch
AGO

Nigeria
Reference ID
NGA-NBS-AGO
Abstract
The data collection was conducted in sample outlets spread across 774 local government areas in all the 36 states and the FCT, Abuja. The data was collected from over 10,000 respondents located in the outlets. The estimates were derived from the weights generated from household expenditure on fuel and the actual prices households bought those fuels. This data collection exercise was done by over 700 NBS staff in all the states and the FCT and were closely monitored by quality control officers with sophisticated monitoring guidelines. The average prices are reported for each state and the FCT, Abuja accordingly.
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NATIONAL ECONOMY
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Created on
Jan 16, 2025
Last modified
Jan 16, 2025
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Description

Title
Automotive Gas Oil (Diesel) Price Watch
subtitle
AGO
Resource type
collection
Publication frequency
Monthly
Abstract
The data collection was conducted in sample outlets spread across 774 local government areas in all the 36 states and the FCT, Abuja. The data was collected from over 10,000 respondents located in the outlets. The estimates were derived from the weights generated from household expenditure on fuel and the actual prices households bought those fuels. This data collection exercise was done by over 700 NBS staff in all the states and the FCT and were closely monitored by quality control officers with sophisticated monitoring guidelines.
The average prices are reported for each state and the FCT, Abuja accordingly.
Identifier
NGA-NBS-AGO
Downloads
AGO December 2024 Tables Document, Microsoft Excel [application/msexcel]
AGO November 2024 Tables Document, Microsoft Excel [application/msexcel]
AGO Report December 2024 Document, PDF [application/pdf]
The average retail price paid by consumers for Premium Motor Spirit (Petrol) for December 2024 was N1189.12, indicating a 76.99% increase compared to the value recorded in December 2023 (N671.86).
Likewise, comparing the average price value with the previous month (.i.e. November 2024), the average retail price decreased by 2.06% from N1214.17.
On State profile analysis, Taraba State had the highest average retail price for Premium Motor Spirit (Petrol), at N1307.05, Adamawa and Delta States were next, with N1301.33 and N1282.71, respectively.
Conversely, Oyo State, Abuja, and Ogun State had the lowest average retail prices for Premium Motor Spirit (Petrol), at N1088.75, N1102.25, and N1106.07 respectively. Lastly, on the Zonal profile, the North East Zone had the highest average retail price of N1245.90, while the South West Zone had the lowest price of N1116.00.
AGO Report November 2024 Document, PDF [application/pdf]
The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 37.07% on a year-on-year basis from a lower cost of N1055.57 per liter recorded in the corresponding month of last year (i.e., November 2023) to a higher cost of N1446.83 Per liter in November 2024.
On a month-on-month basis, an increase of 0.38% was recorded from N1441.28 in October 2024 to an average of N1446.83 in November 2024. Looking at the variations in the State prices, the top three States with the highest average price of the product in November 2024 include Bauchi State (N2232.04), Benue State (N1770.59), and Borno State (N1751.15). Furthermore, the top three lowest prices were recorded in the following State namely, Oyo State (N1250.71), Ogun (N1258.08), and Lagos
State (N1262.38).
The Zonal representation of average price of Automotive Gas Oil (Diesel) shows that North East Zone has the highest price of N1676.11 while South West Zone has the lowest price of N1303.61 when compared with other Zones.

Scope and coverage

Reference country
Country name Country code
Nigeria NGA
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