HISTORY OF FUEL PRICE INCREASE 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
•Buhari - from 20k to 20k (Price remains the
same)
•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)
•Jonathan - (New year present) N141
•Jonathan - (After labor strike) N97
°Jonathan - (Before election) N97 to N87
°Buhari - (again) from N87 to #85 or
N86.50k (Price drops after removing the
fraudulent subsidy)
BUHARI and YAR'ADUA did not increase
prices. In fact, YARADUA reduced the pump
price from N75 to N65. Buhari is back again
to reduce the price even after removing the
FUEL subsidy that has proven to be a
monumental fraud in NNPC over the years,
the first of its kind in the history of Nigeria.
May God give him more wisdom and long
life to take Nigeria back to the top again!