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Brent crude oil prices have fallen to a 3-month low of about $85 per barrel, raising expectations of lower petrol prices in the coming weeksIncreased fuel production and hopes of easing tensions between the US and Iran have contributed to the decline in oil pricesIn Nigeria, the drop in global oil prices could lead to lower petrol prices and reduced transportation costs if the trend continues
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Motorists and businesses could soon benefit from lower fuel costs as global crude oil prices continue to decline.
Brent crude, the international benchmark for oil prices, fell to around $85 per barrel on Friday, June 12, 2026, its lowest level in three months, raising expectations that petrol prices may also begin to drop in the coming weeks, according to The Telegraph.
Petrol Prices May Fall in Nigeria Soon as Crude
