Fuel Price Increments From 1973 – 2017

History Of Fuel Price Increments From The Year 1973 - 2017 In Nigeria

Documentary Of Fuel Price Increments From The Year 1973 – 2017

Increments of fuel price was said to begin with Gowon’s Administration.. See List Below

Gowon-1973: 6k to 8.45k (40.83%)

 

Murtala-1976: 8.45k to 9k (6.5%)

 

Obasanjo -Oct 1,1978: 9k to 15.3k (70%)

 

Shagari-Apr 20,1982: 15.3k to 20k (30.72%)

 

Babangida-Mar 31, 1986: 20k to 39.5k (97.5%)

 

Babangida-Apr 10, 1988: 39.5k to 42k (6.33%)

 

Babangida-Jan 1, 1989: 42k to 60k (42.86%)

 

Babangida– Mar 6, 1991: 60k to70k (16.67%)

 

Shonekan(82 days in power)-Nov 8, 1993: 70k to N5 (614.29%)

 

Abacha– Nov 22, 1993: N5 to N3.25k (price dropped 35%)

 

Abacha-Oct 2, 1994: N3.25k to N15 (361.54%)

 

Abacha-Oct 4, 1994: N15 to N11(price dropped 26.67%)

 

Abubakar-Dec 20, 1998: N11 toN25 (127.27%)

 

Abubakar-Jan 6,1999: N25 to N20(price dropped 25 %)

 

Obasanjo -June 1, 2000: N20 to N30 (50%)

 

Obasanjo-June 8, 2000: N30 to N22(price drops 26.67%)

 

Obasanjo-Jan 1, 2002: N22 to N26 (18.18%

 

Obasanjo-June, 2003: N26 to N42 (61.54%)

 

Obasanjo-May 29, 2004: N42 to N50 (19.05%)

 

Obasanjo-Aug 25, 2004: N50 to N65 (30%)

 

Obasanjo-May 27, 2007: N65 to N75 (15.39%)

 

Yar’ Adua-June, 2007: back to N65(price drops 15.39%)

 

Jonathan -Jan 1,2012: N65 to N141 (116.92%)

 

Jonathan – Jan 17, 2012: N141 to N97 (Price drops 31.21%)

 

Jonathan – Feb 2015 N97 to N87 (price drops 10.31%)

 

Buhari – May 11, 2016: N87 to N145 (66.67%)

 

Among All Yar’Adua was the only president who did not increase the pump price of fuel.

Rather He reduced it from N75 to N65.

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