Diesel price rise by 6.74% amid Dangote refinery takeoff

sumers increased to S Nigerians wait eagerly N1,126.69 in December, a for the impact Dangote 6.74 per cent increase from Petroleum Refiner y will N1,055.57 paid in November have on the energ y sector, 2023. the prices of automotive The report shows that the gas oil also known as diesel price of the product and that of premium increased by 37.76 per cent motor spirit ( PMS) ha ve year- on- year from a lower continued to be on the rise. cost of N817.86 per litre The National Bureau of recorded in the corresponStatistics ( NBS) in its report ding month of 2022 to a on the prices of the two higher cost of N1126.69 per products for December, litre last month. said the average retail price For petrol, the average of diesel paid by con- retail price increased by 3.53

Aper cent, from N648.93 sold in November to a new price of N671.86 in December 2023.

On a year- on- year basis, the increase was 225.85 per cent as it traded at an average of N206.19 in November of 2022.

The report said the top three states with the highest average price of diesel were Sokoto ( N1,300), Kebbi/ Yobe ( N1,250) and Jigawa State ( N1,229.09).

Rivers state ( N897.89),

Bayelsa state ( N935) and Bauchi state ( N985) recorded the lowest prices during the period.

On the other hand, Ogun state had the highest average retail price for PMS at N776.54 while Taraba and Adamawa states were next, at N760 and N745.71, respectively.

Kano, Lagos and Borno States had the lowest average retail prices of PMS, at N602.78, N612.72 and N622.71 respectively.