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History Of Petrol Price Increases In Nigeria - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsHistory Of Petrol Price Increases In Nigeria (846 Views)

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History Of Petrol Price Increases In Nigeria by LamiHandsome(op): 9:09pm On May 12, 2016
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%)
Eventually stabilized at N97
The rest is history
Re: History Of Petrol Price Increases In Nigeria by chikel2000(m): 9:39pm On May 12, 2016
LamiHandsome:
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%)

Eventually stabilized at N97

The rest is history
Op pls get ur facts strait abeg!, which 128?. From 65 to 87 not d figures APC chieftain gave u. It was ur PMB who increased it from 88 to 145. Stop making GEJ look bad pls, or u want to blame GEJ again?
Re: History Of Petrol Price Increases In Nigeria by Baawaa(m): 9:40pm On May 12, 2016
CHANGE from 87naira to 145naira,
Re: History Of Petrol Price Increases In Nigeria by Pidggin(f): 9:54pm On May 12, 2016
chikel2000:
Op pls get ur facts strait abeg!, which 128?. From 65 to 87 not d figures APC chieftain gave u. It was ur PMB who increased it from 88 to 145. Stop making GEJ look bad pls, or u want to blame GEJ again?
U dey mind dem? grin
Re: History Of Petrol Price Increases In Nigeria by chikel2000(m): 9:57pm On May 12, 2016
Pidggin:
U dey mind dem? grin
Big sister I just dnt knw y people can't admit dia mistake, imagine dis one blaming GEJ for what?
Re: History Of Petrol Price Increases In Nigeria by reverendfather:
yaradua the wisest leader Nigeria ever had.

Obj and Abacha really destroyed Nigeria, they both implemented the same master plan of substituting 1% for 1000%.
Re: History Of Petrol Price Increases In Nigeria by tuzeriouz(m): 10:36pm On May 12, 2016
reverendfather:
yaradua the wisest leader Nigeria ever had.
akuko Mike ejagha
Re: History Of Petrol Price Increases In Nigeria by LamiHandsome(op): 8:12am On May 13, 2016
chikel2000:
Big sister I just dnt knw y people can't admit dia mistake, imagine dis one blaming GEJ for what?
Psychologically, you should have realized that I ain't in support of any political party. I ain't a politician, and I just listed the historical changes in the price.
1 Reply

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