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History Of Fuel Price Increases In Nigeria. - Education (2) - Nairaland

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Re: History Of Fuel Price Increases In Nigeria. by LoveMEBaby(m): 10:50am On Dec 16, 2014
Jennimma:
It would keep increasing
Thats your prayer ba?
Re: History Of Fuel Price Increases In Nigeria. by zizytd(m): 10:50am On Dec 16, 2014
Wake up for change, no matter where someone comes from, if he will be good he will be good, say no to religion politics.#apc 2015. From an ibo boy.

1 Like

Re: History Of Fuel Price Increases In Nigeria. by Sylvarresta(m): 10:50am On Dec 16, 2014
Sagytarius:
This is all about GMB right?
SMH. Nonsense campaign.
Guilty conscience.....

1 Like

Re: History Of Fuel Price Increases In Nigeria. by teelady(f): 10:50am On Dec 16, 2014
Too bad, may God help us
Re: History Of Fuel Price Increases In Nigeria. by condralbede(m): 10:50am On Dec 16, 2014
Why is it that obj didn't put this one on his watch...anyway obj you are on my watchgrin •Shonekan regime sure pass towards our oil sector cool
Re: History Of Fuel Price Increases In Nigeria. by hmmbabs(m): 10:51am On Dec 16, 2014
Please stop wasting ur time... Buhari can never get there....
abolyem:
HISTORY OF FUEL PRICE INCREASES IN
NIGERIA.
(K for kobo, N for Naira)

•Gowon - from 6k to 8.45kobo

•Murtala - from 8.45k to 9k

•Obasanjo - from 9k to 15.3k

•Shagari - from 15.3k to 20k


•Babangida - from 20k to 39.5k

•Babangida - from 39.5k to 42k

•Babangida - from 42k to 60k (Private
Vehicles)

•Baban gida - from 60k to 70k

•Shonekan - from 70k to N5 (Naira)

•Abacha - from N5 to N3.25k (Price drops)

•Abacha - from N3.25k to N15

•Abacha - from N15 to N11 (Price drops)

•Abubakar - from N11 to N25

•Abubakar - from N25 to N20 (Price drops)

•Obasanjo - from N20 to N30

•Obasanjo - from N30 to N22 (Price drops)

•Obasanjo - from N22 to N26

•Obasanjo - from N26 to N42

•Obasanjo - from N42 to N50

•Obasanjo - from N50 to N65

•Obasanjo - from N65 to N75

•Yar'Adua - from N75 to N65 (Price drops)

•Jonathan - (New year present) N141

•Jonathan - (After labor strike) N97

BUHARI and YAR'ADUA did not increase
prices. In fact, YARADUA reduced the pump
price from N75 to N65. By the grace of God, Buhari
will WIN. Say Amen

1 Like

Re: History Of Fuel Price Increases In Nigeria. by Sylvarresta(m): 10:51am On Dec 16, 2014
zizytd:
Wake up for change, no matter where someone comes from, if he will be good he will be good, say no to religion politics.#apc 2015. From an ibo boy.
In short vote 4 GMB and 4gt the fisherman

3 Likes

Re: History Of Fuel Price Increases In Nigeria. by Nobody: 10:51am On Dec 16, 2014
if u guys vote me in as ur next president,I promise dat fuel will be free,no more buying

1 Like

Re: History Of Fuel Price Increases In Nigeria. by Sheyone(m): 10:51am On Dec 16, 2014
Re: History Of Fuel Price Increases In Nigeria. by stan4b(m): 10:52am On Dec 16, 2014
Moved from grace to grass.
Re: History Of Fuel Price Increases In Nigeria. by dotuna3(m): 10:52am On Dec 16, 2014
nawa oo. may God help us oooo. oya buhari go sit down for thrown jare make d tin for drop to 22 naira.



if u believe buhari can bring it back to 22 naira click the like button

2 Likes

Re: History Of Fuel Price Increases In Nigeria. by Maczeelly(m): 10:52am On Dec 16, 2014
Hmmmm










Let us all vote 4 change....... We are tired of dis status quo

1 Like

Re: History Of Fuel Price Increases In Nigeria. by Sheyone(m): 10:53am On Dec 16, 2014
GenBuhari:
Thief O basanjo !
Thief O angry

Re: History Of Fuel Price Increases In Nigeria. by merits(m): 10:53am On Dec 16, 2014
GEJ 2015.the fuel price will rise to #200 per litre.
Re: History Of Fuel Price Increases In Nigeria. by abolyem(m): 10:53am On Dec 16, 2014
Here we see who among them all is(are) actually for the masses. A better leader (President) will not make the people to be paying very high for basic needs. Buhari has shown this before and he will still do it again. Lets support Buhari ticket for the masses sake. GEJ will continue to make more expensive for the masses while satisfying the looters all in the name of support.
Imagine when big earning cannot even buy many tins, actually this we dont want. we want our earning no matter how small it is to be able to buy many tins.
Naija, think twice before u support anyone unnecessarily. base ur judgement on anticident and performance of the duo.

2 Likes

Re: History Of Fuel Price Increases In Nigeria. by san316(m): 10:54am On Dec 16, 2014
In view, 2015 under gej, it will be N150.
by the way, nigeria devalued naira and the masses caused it. therefore, even if crude oil price drops to $1, they will still pay.

up GEJ. he keeps moving us forward..... pricewise

1 Like

Re: History Of Fuel Price Increases In Nigeria. by IBROMARKET: 10:54am On Dec 16, 2014
The price of oil has gone done but our pump price in Nigeria is still the same. once your raw material reduces it should reflect in your selling price. What is happening to the excess profit/exploitation.

1 Like

Re: History Of Fuel Price Increases In Nigeria. by MoodysMood: 10:54am On Dec 16, 2014
Buhari will lose again.
Re: History Of Fuel Price Increases In Nigeria. by jasper7(m): 10:54am On Dec 16, 2014
abolyem:
From this, Abacha even appear better than GEJ. Plus GEJ increased with the highest difference out of All. What a pity.
Pls explain how Jonathan's increment is the highest? When there is a 70k - 5naira under Shonekan's regime? Even Obj's increment is worse, he met it at 20naira and left it at 75naira. Jonathan met at 65naira and is leaving at 97naira. And somehow Jonathan is the bad guy? Nigerians, we can sign a deal with the devil himself in order to get rid of a demon. What you forget is that they are all the same. And the devil you are running to will chase that demon away and bring a thousand more

1 Like

Re: History Of Fuel Price Increases In Nigeria. by Sagytarius(m): 10:55am On Dec 16, 2014
Sylvarresta:
Guilty conscience.....
Dafuq is "Guity Conscience"? What is my guilt? Bro, park well.
Re: History Of Fuel Price Increases In Nigeria. by GhaliNaaba(m): 10:56am On Dec 16, 2014
How can nigerian allow pdp rule for 16 years with all this failures? Seems we have lost our senses in this part of the world. How can nigerian reject military goverment and then embrace one party state? One party state is even more dangerious than military government because he encourage corruption and impunity.
It is a shame that nigerian are moving to direction of zimbabwe. It is sad that we refuse to learn from america goverment and the way the change party ofter 8 years of their tenure.
Nigeria must stand to protect this democracy or else we end up like zimbabwe.

1 Like

Re: History Of Fuel Price Increases In Nigeria. by OrangeHokage(m): 10:56am On Dec 16, 2014
LoveMEBaby:
Pls think and think before you talk......you want to compare the rate at which our currency is at that time OR Didn't you see this "•Abacha - from N3.25k to N15"
and he reduced it back to N11, so don't be bias.
Re: History Of Fuel Price Increases In Nigeria. by king1234: 10:58am On Dec 16, 2014
Gas price is a reflection of world's oil price. Nigeria can't be any different.

Even if we had a refinery in Nigeria that will not change significantly the price u pay at the pump as it will be stupid for a refinery owner to refine gas and sell it for cheap when he can sell at a higher price in the world market.

If u want gas price today to reflect what holds in 1960 then that is wishful thinking.


Also Nigeria has been able to sustain a stable price due to subsidy when oil price goes down money used by federal government to subsidies gas price is less. When it is high got has to budget more for subsidy.

Removing subsidy is the right step for govt to do. That removes an inefficient allocation of resources. We may have had an efficient transportation network of rail and buses if govt removes subsidy and use the money for public infrastructure.

A developed country is considered successfully if it has higher amount of its citizens using public transit to handle their daily business than use of private cars

1 Like 1 Share

Re: History Of Fuel Price Increases In Nigeria. by peter4d2(m): 10:58am On Dec 16, 2014
1970's shuld not be compared to 2000,
Small tenures shuld not be compared 2 complete tenures,cos I'm sure dose pple dat did not touch fuel prices was because dey rily never lasted in dat position.
Re: History Of Fuel Price Increases In Nigeria. by Nobody: 10:58am On Dec 16, 2014
IBB destroyed this country

1 Like

Re: History Of Fuel Price Increases In Nigeria. by Sagytarius(m): 10:59am On Dec 16, 2014
Re: History Of Fuel Price Increases In Nigeria. by Haryorqunley(m): 11:00am On Dec 16, 2014
Pdp or apc
Re: History Of Fuel Price Increases In Nigeria. by naijasaints: 11:01am On Dec 16, 2014
Buhari will reduce fuel price to 50naira.
Re: History Of Fuel Price Increases In Nigeria. by GodsKate: 11:02am On Dec 16, 2014
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Re: History Of Fuel Price Increases In Nigeria. by cupidhero(m): 11:04am On Dec 16, 2014
Is gonna be a bumpy ride! Nigeria can't handle whats coming. A nation that should be holding economic summit is busy supporting politicians with shady pasts who will eventually take them to the top rank of most underdeveloped oil producing nation in the world. It will keep increasing and our leaders will keep misleading and the masses will keep dreaming. Change lives in a different planet from nigeria!

1 Like

Re: History Of Fuel Price Increases In Nigeria. by king1234: 11:04am On Dec 16, 2014
naijasaints:
Buhari will reduce fuel price to 50naira.

Buhari reducing gas price to #50 means he is. Using more govt money to subsidies fuel price. It looks good but long term it's a bad strategy for growth for the nation.

Let gad prices reflect world prices and we may have an efficient transportation system

Cars is not for everybody

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