HISTORY OF FUEL PRICE INCREASES IN NIGERIA Gen Yakubu Gowon 1973, 6k to 8.45k N Gen Murtala Muhammed, 1976 8.45k to 9k Gen Obasanjo 1st oct, 1978 9k to 15.3k Alh Shehu Shagari, 20 april 1982 15.3k to 20k Gen. M Buhari. 1984. Stable at 20k. Gen IBB 31 march, 1986 20k to 39.5k Gen IBB, 10 april, 1988 39.5k to 42k Gen IBB, 1 jan, 1989 42k to 60k private vehicles. Gen IBB 19 Dec, 1989 Moved 2 uniform price of 60k Gen IBB 6 march, 1991 60k to 70k Chief Ernest Shonekan, 8 nov. 1993 70k to N5 Gen sani Abacha, 22 Nov 1993 Petrol price drops 4rm N5 to 3.25k Gen Abacha 2 oct, 1994 N3.25k to N15 Gen Abacha, 4 oct, 1994 Price drops 4rm N15 to N11 Gen Abdulsalam 6 jan, 1999 N25 to N20 Chief OBJ 1 june 2000 N20 to N30 Chief OBJ 8 june, 2000 Price reduced to N22 Chief OBJ 1 jan 2002 N22 to N26 Chief OBJ, june to Oct, 2003 N26 to N42 Chief OBJ 29 may, 2004 N42 to N50 Chief OBJ 25 aug 2004 N50 to N65 Chief OBJ 27 may, 2007 N65 to N70 Late YarAdua. June 2007 Drop from N70 to N65 GE Jonathan 1st jan 2012 N65 to N141 GE Jonathan 17 jan, 2012 N97 BUHARI is the only Nigerian Leader from Gowons regime who never touched priced of fuel. YAR ADUA was the only leader who did not increase, rather he reduced petrol price from N70 to N65. And GEJ gave Nigeria the highest percentage of fuel price increase.
Posted on: Mon, 20 Oct 2014 13:06:25 +0000
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