8 biggest hikes in fuel price in Nigeria

…Price rises by 460 per cent in 15 months

**Timeline of fuel price hikes, changes in Nigeria

WITH the latest hike in fuel price to N897 per litre, the cost of fuel has risen by 460 per cent in 15 months since President Bola Tinubu assumed office in May 29, 2023.

The latest hike is the 30th adjustment of fuel price in 51 years beginning with General Yakubu Gowon’s hike in 1973 from 6 kobo to 8.45 kobo

8 biggest hikes in fuel price in Nigeria

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%)

Buhari’s term (2020): N87 to N195 (124%)

Jonathan I (2012): N65 to N141 (116.92%)

Tinubu (2023) : N557 to N617 (110.77%)

Timeline of fuel price hikes, changes in Nigeria