Nigeria’s diesel prices saw a 5.71% decrease in July 2024 compared to the previous month, according to the National Bureau of Statistics’ (NBS) latest report.
Gatekeepers News reports that the average retail price of diesel dropped to N1379.48 per liter in July from N1462.98 in June.
However, on a year-on-year basis, diesel prices increased by 73.63% from N794.48 per liter recorded in July 2023.
The NBS report highlights the significant variation in prices across states, with Taraba, Borno, and Bauchi recording the highest average prices at N1721.79, N1694.17, and N1619.54 per liter, respectively.
On the other hand, Kogi, Kano, and Osun states had the lowest prices at N1186.31, N1211.11, and N1246.82 per liter, respectively.
