18th April, 2024
By Okeoghene Akubuike
The National Bureau of Statistics (NBS) has said that the average retail price of a litre of diesel increased from N840.81 in March 2023 to N1341.16 in March 2024.
NBS stated this in its Diesel Price Watch for March 2024 released in Abuja on Thursday.
The report said that the March 2024 price of N1341.16 per litre amounted to a 59.51 per cent increase over the N840.81 paid in March 2023.
“On a month-on-month basis, the price increased by 6.69 per cent from the N1257.06 per litre recorded in February 2024,” it added.
On state profile analysis, the report said the highest average price of diesel in March 2024 was recorded in Edo at N1566.67 per litre, followed by Jigawa at N1533.33 and Cross River at N1532.71.
It stated that the lowest price was recorded in Plateau at N1067.25 per litre, followed by Niger at N1140.00 and Adamawa at N1175.
“In addition, the analysis by zones showed that the South-South had the highest price of N1419.35 per litre, while the North-Central recorded the lowest price at N1230.98.’’ (NAN)