May 14, 2026

History Of Fuel Price Increase In Nigeria From 1973 to 2015

By Farouk Mohammed

petrol-fuel-oil-11

Here is Details of History Of Fuel Price Increase in Nigeria from 1973 till date

Gowon 1973…………………………………. Increase from 6k to 8.45k
Muritala 1976 …………………………………Increase from #8.45 to 9k
Obasanjo Oct 1978 …………………………Increase from 9k to 15.3k
Shagari April 20 1982……………………… Increase from #15.3k to 20k
Babangida March 31 1986………………. Increase from 20k to 39.5k
Babangida April 10 1988…………………. Increase from #39.5k to 42k
Babanginda Jan1 1989…………………….42k to 60k Private vehicle
Babangida Dec. 19 1989…………………..Uniform price 60k
Babangida March 6, 1991 …………………Increase from 60k to 70k
Babangida 1993……………………………….Increase from 70k to #5
Abacha Nov. 22 1993………………………..Drop from #5 to #3.25k
Abacha Oct 2 1994……………………….. Increase from #3.25k to #15
Abacha Oct 4 1994…………………………Drop from #15 to #11
Abdulsalam Abubakar Dec. 29 1998 …Increase from #11 to #25
Abdulsalam Abubakar Jan. 6 1999…… Drop from #25 to #20.
Obasanjo June 1 2000 …………………….Increase from #20 to #30
Obasnjo June 8 2000 ………………………Drop from #30 to #22
Obasanjo Jan. 1 2002…………………….. Increase from #22 to #26
Obasanjo June to Oct 2003……………… Increase from #26 to #42
Obasanjo May 29 2004……………………. Increase from#42 to #50.
Obasanjo Aug 25. 2004 ……………………Increase from #50 to #65
Obasanjo May 27 2007……………………. Increase from #65 to #75
Yara dua Jun 2007………………………….. Drop from #75 to #65
Jonathan Jan1 2012………………………… Increase to #138 to #250
Jonathan Jan 17 2012……………………… Drop to #97
Buhari………………………………………………

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