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Chronology Of Petrol Price Increases Since 1973 - Politics - Nairaland

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Chronology Of Petrol Price Increases Since 1973 by DrKnow1(m): 5:56pm 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%)

Source: Vanguard News. http://www.vanguardngr.com/2012/01/fuel-or-fraud-subsidy-war-nigeria-loses-n2trn-in-six-days/
Re: Chronology Of Petrol Price Increases Since 1973 by iluvnaija: 10:05pm On Jan 14, 2012
God bless BUHARI. He is the only man who never touched price of fuel thats why his name is not on the list.
Buhari is still the best man for the job because he is a man i have never heard any crime or charges against him.

I said dis before and people doubted it. I said NO REVOLUTION, NO SOLUTION.
Re: Chronology Of Petrol Price Increases Since 1973 by fegflu: 10:14pm On Jan 14, 2012
Shut up. C ur mouth. U r pls wit buhari because he no touch fuel price. Ask urself- hw many months he stay office b4 dem booth am out.

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