See The Timeline Of Petrol Price Increments In Nigerian

AutoJosh wants you to see how the price of a litre of petrol has increased in the space of 50 years -from the military era to this present time – and why we should start thinking of other alternatives in order to reduce our dependence on the readily available but costly motor fuel.

During the Millitary Rule :

General Yakubu Gowon

From 6kb to 8.45kb

General Murtala Muhammad

From 8.45kb to 9kb

General Olusegun Obasanjo

From 9kb to 15.3kb

Alhaji Shehu Shagari

From 15.3kb to 20kb

General Muhammadu Buhari’s Millitary Rule

From 20kb to 20kb

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General Babangida’s Millitary Rule

From 20kb to 39.5kb to 42kb to 60kb to 70kb

Ernest Shonekan’s Interim Government

From 70kb to ₦5

Sanni Abacha’s Millitary Rule

From ₦5 to ₦3.25kb to ₦15 to ₦11

Abubakar’s Millitary Rule

From ₦11 to ₦25 to ₦20

Democracy :

Olusegun Obasanjo’s 8 years

From ₦20 to ₦30 to ₦22 to ₦26 to ₦42 to ₦50 to ₦65 to ₦75

Yar’Adua

From ₦75 to ₦65 (Price drops)

Goodluck Jonathan

₦65 to ₦141(1st Of January New year present)

Back to ₦97 (after labour strike)
Then ₦87 (with the 2015 Election approaching )

Muhammadu Buhari

From ₦87 to ₦145+ (Present price)

The federal government of Nigeria currently pays about ₦2.4 billion per day subsidising the fuel . It is believed that if the Federal Government should stop subsidizing the price of PMS today, the actual selling price of PMS would rise to ₦165 per litre.

What do you think?