History Of Fuel Hike In Nigeria From 1960 Till Date

It is no longer news that the Muhammadu Buhari-led government has concluded its plan to inflict more suffering to Nigerians by increasing the price of petrol from present N87 to N97.

Though we can't shy away from the fact that as the present fuel scarcity bites harder, some are buying for over N200 per litre.... We can't continue like this!

The immediate past President, Goodluck Jonathan pegged it at the same price before bowing to pressure due to fall in the price of petrol globally.

There have been series of calls for outright removal of the subsidy on the product. Though some people are against the idea.

I bring to you all the increases that have been done as regards petrol in Nigeria. Read and be updated.

• Gowon – from 6k to 8.45kobo
• Murtala – from 8.45k to 9k
• Obasanjo – from 9k to 15.3k
• Shagari – from 15.3k to 20k
• Buhari – from 20k to 20k (Price remains the same i.e no increment during his reign)
• Babangida – from 20k to 39.5k
• Babangida – from 39.5k to 42k
• Babangida – from 42k to 60k (Private Vehicles)
• Babangida – 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, instead of increasing the price, he reduced it)
• Jonathan – (New year present) N141
• Jonathan – (After labor strike) N97
• Jonathan – (few days before Feb, 2015 General Election) N87

As it is now, only Muhammadu Buhari and Musa Yar'adua didn't increase the pump price.

Will President Muhammadu Buhari break his record by increasing it truly next year? Only time shall tell. 

Related Posts Widget