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Average diesel price rises from ₦828.82 to ₦1153.01 in January 2024 - NBS

The lowest diesel prices was recorded in Borno, Kano and Taraba.

Average diesel price rises to ₦1153.01 in January 2024 - NBS

NBS stated this in its Diesel Price Watch for January 2024 released in Abuja on Wednesday. The report said that the January 2024 price of ₦1153.01 per litre amounted to a 39.11% increase over the ₦828.82 paid in January 2023.

“On a month-on-month basis, the price increased by 2.34% from the ₦1126.69 per litre recorded in December 2023,” it added.

On state profile analysis, the report said the highest average price of diesel in January 2024 was recorded in Kebbi at ₦1433.33 per litre, followed by Kogi at ₦1300 and Abuja at ₦1226.70.

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It stated that the lowest price was recorded in Borno at ₦927.27 per litre, followed by Kano at ₦940.89 and Taraba at ₦988.33.

“In addition, the analysis by zones showed that the North-Central had the highest price of ₦1205.11 per litre, while the North-East recorded the lowest price at ₦1074.03.’’

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