Filling Stations Increase Diesel Prices by 28.48%, NBS Shows Most Expensive States
- The NBS has revealed that Nigerians pay more to buy diesel for their vehicles and factories in December
- The bureau stated that the increase was felt more by residents of the Southeast and North-Central states
- The report also showed 10 states where the cost of diesel is highest and where it is lowest in the country
CHECK OUT: Education is Your Right! Don’t Let Social Norms Hold You Back. Learn Online with LEGIT. Enroll Now!
The National Bureau of Statistics (NBS) has disclosed that the average retail price of automotive gas oil (diesel) increased to N1,447.62 per litre in December 2024.
The new diesel price indicated a 28.48% increase compared to the average diesel pump price of N1,126.69 per litre recorded in the same month of 2023.
Source: Getty Images
The bureau also noted that the December price is a 0.05% increase from N1,446.83 in August 2024 on a month-on-month basis.
NBS stated this in its latest Automotive gas oil (Diesel) price watch report, published on its website and obtained by Legit.ng.
States by state analysis
Furthermore, the NBS provided a breakdown of a state-by-state analysis, showing the top three states with the highest average prices for the product.
According to the bureau, in December 2024, the states where Nigerians paid the highest diesel prices per litre were Bauchi State (N2,300), Benue State (N1,780), and Borno State (N1,725.48).
The top three states with the lowest prices were Lagos State (N1,215), Ogun State (N1,231.64), and Ekiti State (N1,257.86).
10 states with the highest prices
- Bauchi: N2,300
- Benue: N1,780
- Borno: N1,725.48
- Plateau: N1,650
- Bayelsa: N1,608.33
- Sokoto: N1,575
- Nassarawa: N1,550
- Taraba: N1,537.78
- Adamawa: N1,500
- Niger: N1,481.25
10 states with the lowest prices
- Lagos: N1,215
- Ogun: N1,231.64
- Ekiti: N1,257.86
- Kogi: N1,282.5
- Imo: N1,307.38
- Anambra: N1,310.73
- Kaduna: N1,311.54
- Zamfara: N1,314.29
- Abuja: N1,325
- Ebonyi: N1,332.01
Zonal average diesel prices
- South East: N1,344.58
- North Central: N1,500.30
- North East: N1,668.33
- South-South: N1,464.14
- South West: N1,302.04
- North West: N1,389.96
Businesses complain of high prices
The high cost of diesel has left many Nigerians worried about the survival of their business.
Samuel Jadon, a pure water factory owner in Lagos (Jad Water), explained to Legit.ng that he now spends five times more on production due to rising costs.
He said:
"The high cost of energy is severely affecting my business. My factory is under Band A, making it extremely expensive to keep up with the bills. When I need to run a generator, it becomes another major challenge.
I recently increased the price of a bag of water from N350 to N400, yet I still struggle to keep my business running."
Fuel price hike
Legit.ng reported that Festus Osifo, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has blamed the rise in petrol prices on the exchange rate.
He noted that the fluctuation of the naira-dollar exchange rate directly impacts fuel prices. The TUC boss also revealed talks with state governors.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
