Fuel Subsidy Removed: Fuel Price Soars To 140 Naira

Naira Price of Fuel in Nigeria is approximately N140 per litre following the recent fuel subsidy removal. Although, I am in support of a better way forward for my country, is this the best option out of whatever mess that the oil industry has found itself in? Everybody is angry with this rather unpopular move, and I am totally against it.

Source: Channelstv.com
More than 200% increase in the per liter pump price from N65 by late Presiden Yar'Adua to N140; This is purely a case of Robbing Peter To Pay Paul.

Only God can help Nigerians, who mostly are of the "Surviving Class" out of this autocratic imposition. And by the way, is the removal of subsidy the most improtant thing right now? Whatever happened to the fight against CORRUPTION!
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1 comments:

NairaMan said...

Diary of price increase in fuel
upate...1977..#0.3k 1978..#8.5k..
1979..#13.5k.. 1980..#0:15k
1981..#0.15k 1982..#0:20k
1983...#0:30k 1984..#0:30k
1985..#0.39 1/2k 1986...#0.39 1/2k
1987...#0.42k/60k 1988..#0.60k
1990..#0.70k 1991...#0.70k
1992...#5.00k 1993..#3.25k
1994..#11.00k 1995 nd
1996..#11:00k 1997 nd 98...#15.00k
1999...#20.00k 2000..#22:00k
2001..#26:00k 2002..#30.00k
2003..#40.00k 2004..#49.00k
2005..#52.00k 2006..#64.50k
2007..#75.00k 2008..#75.00k
2009..#65.00k 2010..#65.00k
2011..#65:00k now 2012..#141:00k
where to Nigeria?

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