Categories: BusinessNews

Diesel dips 9.32% year-on-year to ₦1,361.57 in January — NBS

The average retail price of Automotive Gas Oil (AGO), commonly known as diesel, fell to ₦1,361.57 per litre in January 2026 from ₦1,501.58 recorded in January 2025, according to the National Bureau of Statistics.

The agency’s Automotive Gas Oil Price Watch report for January showed the decline represents a 9.32 per cent year-on-year drop. On a month-on-month basis, diesel prices also decreased by 2.86 per cent from ₦1,401.63 per litre recorded in December 2025.

Prices varied across states, with Lagos posting the highest average price at ₦1,560.82 per litre, followed by Akwa Ibom State at ₦1,558.52 and Borno State at ₦1,480.00.

The lowest average prices were recorded in Kogi State at ₦1,200.00, Ogun State at ₦1,230.52, and Zamfara State at ₦1,242.82 per litre.

Zonal analysis showed the North East recorded the highest average diesel price at ₦1,430.96 per litre, while the South East had the lowest at ₦1,288.20.

The report highlights persistent regional disparities in diesel pricing despite the overall nationwide decline.

LUKMAN ABDULMALIK

Recent Posts

Lassa fever cases rise as death toll hits 229

The Nigeria Centre for Disease Control and Prevention (NCDC) has reported an increase in confirmed…

10 minutes ago

Bandits abduct Zamfara LG chairman, kill four security personnel

Suspected bandits have abducted the Chairman of Bungudu Local Government Area of Zamfara State, Nura…

1 hour ago

Kano bans ‘after-party’, ‘hot challenge’ at weddings, social events

The Kano State Censorship Board has banned activities popularly known as “after-party” and “hot challenge”…

2 hours ago

Ndume denies facilitating N5bn ransom, says he alerted security agencies

Senator Ali Ndume, representing Borno South Senatorial District, has denied allegations that he facilitated the…

2 hours ago

Paramount agrees to delay $110bn Warner Bros merger

Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros. Discovery…

3 hours ago

INEC urges Nigerians to register as voter registration ends Sunday

The Independent National Electoral Commission has urged eligible Nigerians to complete their voter registration before…

4 hours ago

This website uses cookies.