Automotive Gas Oil (Diesel) Price Watch
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1 Automotive Gas Oil (Diesel) Price Watch (JANUARY 2017) Report Date: February 2017 Data Source: National Bureau of Statistics
2 Contents Executive Summary 1 Average Diesel Prices Across States 2 Average Diesel Prices Across Zones North Central 3 Average Diesel Prices Across Zones North East 4 Average Diesel Prices Across Zones North West 5 Average Diesel Prices Across Zones South East 6 Average Diesel Prices Across Zones South South 7 Average Diesel Prices Across Zones South West 8 12 Months Average Prices 9 Appendix - Tables 10 Methodology 12 Acknowledgment and Contact 13
3 Executive Summary Average price paid by consumers for automotive gas oil (diesel) increased by 22.56% month-on-month and 50.06% year-on-year to N in January 2017 from N in December States with the highest average price of diesel were Abuja & Bayelsa (N270), Delta (N256.77) & Cross River (256.36). States with the lowest average price of diesel were Enugu (N230.78), Adamawa (N230.50) and Lagos, Oyo, Taraba (N230). 1
4 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across States Average N STATES WITH THE HIGHEST AVERAGE PRICES IN JANUARY 2017 ABUJA & BAYELSA N DELTA N CROSS RIVER N STATES WITH THE LOWEST AVERAGE PRICES IN JANUARY 2017 ENUGU N ADAMAWA N LAGOS,OYO & TARABA N
5 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across Zones - North Central Average N244 Abuja FCT has the highest average price in the North Central Region for January 2017 while Niger has the least average price. 3
6 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across Zones - North East Average N Yobe State has the highest average price in the North East Region for January 2017 while Taraba State has the least average price. 4
7 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across Zones - North West Average N Sokoto State has the highest average price in the North West Region for January 2017 while Kano has the least average price. 5
8 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across Zones - South East Average N Imo State has the highest average price in the South East Region for January 2017 while Enugu State has the least average price. 6
9 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across Zones - South South Average N Bayelsa State has the highest average price in the South South Region for January 2017 while Edo State has the least average price. 7
10 Automotive Gas Oil (Diesel) Price Watch Average Diesel Prices Across Zones - South West Average N Osun State has the highest average price in the South West Region for January 2017 while Lagos and Oyo State both have the least average price. 8
11 Automotive Gas Oil (Diesel) Price Watch 12 Months Average Prices 22.56% Month-on-Month and 50.06% Year-on-Year 9
12 Appendix Average Diesel (Automative Gas Oil) Prices/ Litre NGN 10
13 Appendix Average Diesel (Automative Gas Oil) Prices/ Litre NGN 11
14 Methodology Field work is done solely by over 700 NBS Staff in all States of the federation supported by supervisors who are monitored by internal and external observers. Fuel Prices are collected across all the 774 local governments across all States and the FCT from over 10,000 respondents and locations and reflect actual prices households state they actually bought those fuels together with the prices reportedly sold by the fuel suppliers. The average of all these prices is then reported for each state and the average for the country is the average for the state. NBS audit team subsequently conducts randomly selected verification of prices recorded. 12
15 Acknowledgements/Contacts Acknowledgements We acknowledge our technical partners, Proshare in the design, concept and production of this publication. Contact NBSNigeria Head Office Address Plot 762,IndependenceAvenue,Central Business District,FCT, Abuja Nigeria
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