Price of diesel increased in October – NBS

A NIPCO filling station used to illustrate the story on authentic data
A NIPCO filling station used to illustrate the story on authentic data

The National Bureau of Statistics (NBS) says the average price paid by consumers for automotive gas oil (diesel) increased from N211.64 in September to N216.75 in October.

The NBS disclosed this in its “Automotive Gas Oil (Diesel) Price Watch for October 2018” report released in Abuja.

The report showed that the price of diesel decreased by 2.42 percent month-on-month and 7.33 percent year-on-year.

According to the bureau, states with the highest average price of diesel are Lagos (N238.55), Oyo (N231.32), and Sokoto (N231.25).

It named states with the lowest average price of diesel to include Bayelsa (N189.44), Zamfara (N200.71), and Plateau (N203.93).

Meanwhile, the bureau said the average price paid by consumers for Premium Motor Spirit (Petrol) decreased from N147.30 in September to N147.20 in October in the period under review.

The bureau in its Premium Motor Spirit (Petrol) Price Watch 2018, said the price decreased by -0.8 percent year-on-year and by -0.1per cent month-on-month.

It said states with the highest average price of petrol were Kebbi (N155.24), Benue (N153.33), and Taraba (N153.00).

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