Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,155,478 members, 7,826,804 topics. Date: Monday, 13 May 2024 at 08:39 PM

History Of Fuel Price Increases In Nigeria - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / History Of Fuel Price Increases In Nigeria (62195 Views)

NERC Increases Electricity Tarrifs, Scraps Fixed Charges   / Look At What A Police Officer Did To This Guy Because Of Fuel Scarcity / Gbenga Adeyinka Mocks Jonathan Over N10 Fuel Price Reduction (2) (3) (4)

(1) (Reply) (Go Down)

History Of Fuel Price Increases In Nigeria by 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%)

7 Likes 3 Shares

Re: History Of Fuel Price Increases In Nigeria by SUNNIYKE4(m): 1:19pm On Jan 24, 2015
Obj is a Nigerian known architect of corruption
Re: History Of Fuel Price Increases In Nigeria by 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

Re: History Of Fuel Price Increases In Nigeria by 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
Re: History Of Fuel Price Increases In Nigeria by 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

Re: History Of Fuel Price Increases In Nigeria by doyinisaac(m): 7:10pm On Dec 18, 2015
hmmmm
Re: History Of Fuel Price Increases In Nigeria by 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
Re: History Of Fuel Price Increases In Nigeria by 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?
Re: History Of Fuel Price Increases In Nigeria by Blackfire(m): 7:21pm On May 06, 2018
Every nigeria ruler must increase fuel price....

Buhari came back to increase his own.... 145naira.
Re: History Of Fuel Price Increases In Nigeria by 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...
Re: History Of Fuel Price Increases In Nigeria by 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

Re: History Of Fuel Price Increases In Nigeria by 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
Re: History Of Fuel Price Increases In Nigeria by 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

Re: History Of Fuel Price Increases In Nigeria by 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

Re: History Of Fuel Price Increases In Nigeria by 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
Re: History Of Fuel Price Increases In Nigeria by 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
Re: History Of Fuel Price Increases In Nigeria by 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
Re: History Of Fuel Price Increases In Nigeria by Westernlove: 2:15pm On Jul 19, 2023
grin grin grin
Re: History Of Fuel Price Increases In Nigeria by 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

Re: History Of Fuel Price Increases In Nigeria by Dotherightthing: 2:38pm On Jul 19, 2023
Shonekan, an interim president, did highest increment ever! cheesy

Wow!!

1 Like

Re: History Of Fuel Price Increases In Nigeria by 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

(1) (Reply)

PMB Orders Disposal Of Nine Presidential Jets / FFK On Obaseki: 'One Of The Most Important Virtues In Life Is Loyalty' / Taiwo Olufemi Asaniyi About-to-wed Pilot Dies In Kaduna Crash (Photo)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 20
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.