With the recent increase in petrol prices to N897 per litre, the cost of fuel has grown by 460 percent in the 15 months since President Bola Tinubu took office on May 29, 2023.
The recent raise is the 30th adjustment of fuel prices in 51 years, commencing with General Yakubu Gowon’s hike from 6 to 8.45 kobo in 1973.
Here is a list:
Shonekan (1993): 70k to N5 (614.29%)
Abacha II (1994): N3.25k to N15 (361.54%)
Tinubu (2023) : N195 to N557 (282.74%)
Tinubu (2024): N617 to N897 (145.38%)
Abubakar I (1998): N11 to N25 (127.27%)
Buhari’s term (2020): N87 to N195 (124%)
Jonathan I (2012): N65 to N141 (116.92%)
Tinubu (2023) : N557 to N617 (110.77%)
