NBS Data Shows Diesel Price Rises by 43.41% in One Year [Video]

• The National Bureau of Statistics has again revealed that the average price of diesel has increased in October
• The bureau noted that the price change was recorded in a month-on-month and year-on-year analysis
• The top three states with the highest average price of the product in October include Bauchi, Benue and Plateau states

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The National Bureau of Statistics (NBS) has disclosed that the average retail price of Automotive Gas Oil (Diesel) paid by consumers increased to N1441.28 per litre in October 2024.

The new diesel price indicated a 43.41% increase year-on-year from a lower cost of N1004.98 per litre recorded in October 2023.

The bureau also noted that on a month-on-month basis, an increase of 1.58% was recorded from N1418.83 in September …