The National Bureau of Statistics (NBS) says the retail price of a litre of diesel increased from N836.91 in February 2023 to N1,257.06 in February 2024.

NBS stated this in its Diesel Price Watch for February 2024, released on Wednesday.

It stated that the February 2024 price was a 50.20 per cent increase over the February 2023 price.

On a month-on-month basis, the price increased by 9.02 per cent from the N1,153.01 per litre recorded in January 2024.

The bureau also stated that in state profile analysis, the highest diesel price in February 2024 was recorded in Akwa Ibom at N1,525 per litre, followed by Gombe at N1,500 per litre and Kwara at N1,444 per litre.

It stated that the lowest price was recorded in Adamawa at N1,037.50 per litre, followed by Kano at N1,111.43 per litre and Katsina at N1,125 per litre.

Analysis by zones showed that the South-South had the highest price of N1,343.09 per litre, while the South-West recorded the lowest price at N1,164.05 per litre, it added. 

(NAN)