Nigeria, Africa’s largest oil producer, has been struggling with the issue of fuel pricing for decades.
The country has experienced several episodes of fuel scarcity, subsidy removal, protests, and deregulation, as different governments have tried to balance the interests of the consumers, the marketers, and the state.
The history of fuel price changes in Nigeria can be traced back to 1973 when the military regime of General Yakubu Gowon increased the pump price of petrol from 6 kobo to 8.45 kobo per litre.
Since then, the price of petrol has been adjusted by successive governments, often sparking public outcry and resistance. READ MORE
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]