GOVERNMENT | YEAR | PRICE | INCREASE | % |
Gen. Yakubu Gowon | 1973 | 6k | 8.45k | 40.8 |
Gen. Murtala Mohammed | 1976 | 8.45K | 9K | 0.59 |
Gen. Olusegun Obasanjo | Oct. 1, 1978 | 9k | 15.3k | 70 |
Alhaji Shehu Shagari | April 20, 1982 | 15.3k | 20k | 30.71 |
Gen. Ibrahim Babangida | March 31, 1986 | 20k | 39.5k | 97.5 |
Gen. Ibrahim Babangida | April 10, 1988 | 39.5 | 42k | 6.33 |
Gen. Ibrahim Babangida | Jan. 1, 1989 | 40k | 60k | |
Gen. Ibrahim Babangida | Dec. 19, 1989 | Moved to uniform price of | 60k | (42.86) |
Gen. Ibrahim Babangida | March 6, 1991 | 69k | 70k | 16.67 |
Chief Ernest Shonekan | Nov. 8, 1993 | 70 | N5 | 614 |
Gen. Sanni Abacha | Nov. 22, 1993 | Petrol price drops from N5 to | N3.25k | (35%) |
Gen. Sanni Abacha | Oct. 4, 1994 | Petrol drops from N15 | To N11 | 26.67 |
Gen. Abdulsalam Abubakar | Dec. 20, 1998 | N11 to | N25 | 127.27 |
Gen. Abdulsalam Abubakar | Jan. 6, 1999 | N25 to | N20 | -20 |
Chief Olusegun Obasanjo | June 1, 2000 | N20 | N30 | 50 |
Chief Olusegun Obasanjo | June 8, 2000 | Price drops | To N22 | -10 |
Chief Olusegun Obasanjo | Jan. 2002 | N22 | N26 | 18.18 |
Chief Olusegun Obasanjo | Jun-Oct, 2003 | N26 | N42 | 23.08 |
Chief Olusegun Obasanjo | May 29, 2004 | N42 | N50 | 19.05 |
Chief Olusegun Obasanjo | May 25, 2007 | N50 | N65 | 30 |
Chief Olusegun Obasanjo | May 27, 2007 | N65 | N75 | 15.38 |
Alhaji Umaru Yar’Adua | June 2007 | Drops to | N65 | (-15.38) |
Dr. Goodluck Jonathan | Jan. 1, 2012 | N65 | N141 | 117% |
Dr. Goodluck Jonathan | Jan. 17, 2012 | N141 | N97 | -45% |
Dr. Goodluck Jonathan | Jan. 19, 2015 | N97 | N87 | -11.5% |
Alhaji Muhammadu Buhari | May 29, 2015 | N87 | N86.50 | -0.6% |
Alhaji Muhammadu Buhari | May 11, 2016 | N86.50 | N145 | 67.6% |