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History Of Fuel Price Increases In Nigeria - Politics - Nairaland 2a3d

History Of Fuel Price Increases In Nigeria (74360 Views)

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Daytonbale: 10:07am On Jan 14, 2012
History of fuel price increases in Nigeria
Gowon, 1973: 6k to 8.45k (40.8%)
Murtala, 1976: 8.45k to 9k (0.59%)
Obasanjo, October 1, 1978: 9k to 15.3k (70%)

Shagari, April 20, 1982: 15.3k to 20k (30.71%)
Babangida, March 31 1986: 20k to 39.5k (97.5%)
Babangida, April 10 1988: 39.5k to 42k (6.33%)
Babangida, January 1, 1989: 42k to 60k Private vehicles.

Babangida, December 19, 1989: moved to uniform price of 60k (42.86%)
Babangida, March 6, 1991: 60k to 70k (16.67%)
Shonekan, November 8, 1993: 70k to N5 (614%)

Abacha, November 22,1993: petrol price drops from N5 to N3.25k (-35%)
Abacha, October 2,1994: N3.25k to N15 (361.54%)
Abacha, October 4,1994: price drops from N15 to N11(-26.67%)

Abubakar, December, 20, 1998: N11 to N25 (127.27%)
Abubakar, January 6,1999: N25 to N20 (-20%)

Obasanjo, June 1, 2000: N20 to N30 (50%)
Obasanjo, June 8, 2000: Petrol price reduced to N22 (-10%)
Obasanjo, January 1, 2002: N22 to N26 (18.18%)

Obasanjo, June to October, 2003: N26 to N42 (23.08%
Obasanjo, May 29, 2004: N50 (19.05%)
Obasanjo, August 25, 2004: N65 (30%)

Obasanjo, May 27, 2007: N75 (15.38%)
Yar’Adua, June 2007: N65 (-15.38%)
Jonathan, January 1, 2012: between N138 to N250 (112.31 to 284.62%)

8 Likes 3 Shares
SUNNIYKE4(m): 1:19pm On Jan 24, 2015
Obj is a Nigerian known architect of corruption
romme2u: 1:09am On Sep 21, 2015
why did this post not make it to the right quarters since 2012. this is very informative and educative to the various political-socio-economic camps nuking themselves here on this very land.

shouting on the top of my very loud voice lala

1 Like

Gayigaskia(m): 1:15am On Sep 21, 2015
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time
Aromas: 1:36am On Sep 21, 2015
SUNNIYKE4:
Obj is a Nigerian known architect of corruption
The man who set the pace for others to follow

1 Like 1 Share
doyinisaac(m): 7:10pm On Dec 18, 2015
hmmmm
djkirkoo2(m): 7:13pm On Jun 02, 2016
Gayigaskia:
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time
You are very right. Welcome to CHANGE. #145
BritcheN(m): 6:10pm On May 06, 2018
Gayigaskia:
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time



OGA HOPE UR ENJOYING THE CHANGE?
Blackfire(m): 7:21pm On May 06, 2018
Every nigeria ruler must increase fuel price....

Buhari came back to increase his own.... 145naira.
ivandragon: 7:27pm On May 06, 2018
lol... pre 2016, this was used by pmb's fans to show how considerate he supposedly was by not increasing fuel price in the 80s.


now, the vehemently avoid threads like this... even the op is too ashamed to 'update' the history of fuel prices in Nigeria...


lol...
JAYYD: 3:30pm On Feb 20, 2019
Daytonbale:
History of fuel price increases in Nigeria
Gowon, 1973: 6k to 8.45k (40.8%)
Murtala, 1976: 8.45k to 9k (0.59%)
Obasanjo, October 1, 1978: 9k to 15.3k (70%)

Shagari, April 20, 1982: 15.3k to 20k (30.71%)
Babangida, March 31 1986: 20k to 39.5k (97.5%)
Babangida, April 10 1988: 39.5k to 42k (6.33%)
Babangida, January 1, 1989: 42k to 60k Private vehicles.

Babangida, December 19, 1989: moved to uniform price of 60k (42.86%)
Babangida, March 6, 1991: 60k to 70k (16.67%)
Shonekan, November 8, 1993: 70k to N5 (614%)

Abacha, November 22,1993: petrol price drops from N5 to N3.25k (-35%)
Abacha, October 2,1994: N3.25k to N15 (361.54%)
Abacha, October 4,1994: price drops from N15 to N11(-26.67%)

Abubakar, December, 20, 1998: N11 to N25 (127.27%)
Abubakar, January 6,1999: N25 to N20 (-20%)

Obasanjo, June 1, 2000: N20 to N30 (50%)
Obasanjo, June 8, 2000: Petrol price reduced to N22 (-10%)
Obasanjo, January 1, 2002: N22 to N26 (18.18%)

Obasanjo, June to October, 2003: N26 to N42 (23.08%
Obasanjo, May 29, 2004: N50 (19.05%)
Obasanjo, August 25, 2004: N65 (30%)

Obasanjo, May 27, 2007: N75 (15.38%)
Yar’Adua, June 2007: N65 (-15.38%)
Jonathan, January 1, 2012: between N138 to N250 (112.31 to 284.62%)

Lies about Jonathan, It was N65 to N87

2 Likes 1 Share
maasoap(m): 10:04am On Dec 27, 2019
JAYYD:


Lies about Jonathan, It was N65 to N87

Your quoted price hike definitely wasn't the one that led to protest in January 2012. Do your findings again
romme2u: 7:56pm On Dec 29, 2019
JAYYD:


Lies about Jonathan, It was N65 to N87

lipsrsealed



No matter how fast lies flies..........truth will eventually catchup with it

OP pls update this list

1 Like

jamace(m): 8:58pm On Dec 29, 2019
JAYYD:


Lies about Jonathan, It was N65 to N87
Correct. OP has a lying spirit.

1 Like

Zedoo(m): 8:13am On May 05, 2020
Gayigaskia:
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time

Dumebi howfa
wittytayor(m): 6:41pm On Jan 09, 2023
Can you say the same today?
Gayigaskia:
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time
HarunaWest(m): 8:13am On Jan 28, 2023
Gayigaskia:
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time
Howfar grin
Westernlove: 2:15pm On Jul 19, 2023
grin grin grin
jimter44(m): 2:31pm On Jul 19, 2023
The first time our petrol price enters naira range was under shonekan regime in 1993.

1 Like

Dotherightthing: 2:38pm On Jul 19, 2023
Shonekan, an interim president, did highest increment ever! cheesy

Wow!!

1 Like

Douglad: 2:47pm On Jul 19, 2023
Gayigaskia:
Wow PMB is proven to be the man for the masses, he has never increased the burden on the people. surely the change Nigeria needed for a long time

See this dunce lmao
femi4: 9:21pm On Mar 29
Daytonbale:
History of fuel price increases in Nigeria
Gowon, 1973: 6k to 8.45k (40.8%)
Murtala, 1976: 8.45k to 9k (0.59%)
Obasanjo, October 1, 1978: 9k to 15.3k (70%)

Shagari, April 20, 1982: 15.3k to 20k (30.71%)
Babangida, March 31 1986: 20k to 39.5k (97.5%)
Babangida, April 10 1988: 39.5k to 42k (6.33%)
Babangida, January 1, 1989: 42k to 60k Private vehicles.

Babangida, December 19, 1989: moved to uniform price of 60k (42.86%)
Babangida, March 6, 1991: 60k to 70k (16.67%)
Shonekan, November 8, 1993: 70k to N5 (614%)

Abacha, November 22,1993: petrol price drops from N5 to N3.25k (-35%)
Abacha, October 2,1994: N3.25k to N15 (361.54%)
Abacha, October 4,1994: price drops from N15 to N11(-26.67%)

Abubakar, December, 20, 1998: N11 to N25 (127.27%)
Abubakar, January 6,1999: N25 to N20 (-20%)

Obasanjo, June 1, 2000: N20 to N30 (50%)
Obasanjo, June 8, 2000: Petrol price reduced to N22 (-10%)
Obasanjo, January 1, 2002: N22 to N26 (18.18%)

Obasanjo, June to October, 2003: N26 to N42 (23.08%
Obasanjo, May 29, 2004: N50 (19.05%)
Obasanjo, August 25, 2004: N65 (30%)

Obasanjo, May 27, 2007: N75 (15.38%)
Yar’Adua, June 2007: N65 (-15.38%)
Jonathan, January 1, 2012: between N138 to N250 (112.31 to 284.62%)
OP, come n update the list with Buhari n Tinubu regime.
IBB days...nostalgia

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