A timeline of fuel price since 2016 | Dailytrust

A timeline of fuel price since 2016

A rollercoaster of fuel price across the country...

Fuel subsidy
Fuel subsidy

Since 2016, the pump price of petrol has been wreaking havoc with the pockets of Nigerians – ever ticking upward, never seeming to come down.

In May 2016, the pump price of petrol was increased to N145 per litre, up from N86.50 where the previous government of Goodluck Jonathan left it.

In March 2020, the pump price of petrol was reduced to N125 from N145 per litre.

In May 2020, Petroleum Products Pricing Regulatory Agency (PPPRA) announced a new pump price band to between N121.50 to N123.50 per litre.

It remained like that in June.

But in July 2020, it was further increased to between N140.80 and N143.80.

In August 2020, it was again hiked to between N145.86 and N148.86.

The latest increase was on September 2, 2020 when it was further increased to N151.56.

But the marketers said they could sell it higher than that.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410