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Experts have predicted that petrol prices could fall further amid global crude price decreasesDangote Refinery’s N75 price cut fuels optimism for lower petrol costs across NigeriaMarket behaviour shifts as marketers adopt a wait-and-see strategy for future fuel purchases
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Fresh hope of cheaper petrol is emerging for millions of Nigerians as energy experts predict that the pump price of Premium Motor Spirit (PMS) could decline to around N1,000 per litre in the coming weeks following a sharp drop in global crude oil prices and a fresh price cut by Dangote Petroleum Refinery.
The optimism comes after Dangote Refinery announced a N75 reduction in its ex-depot petrol price, reinforcing expectations that marketers may soon lower prices across the country.
New petrol prices set to emerge as crude oil crashes on US-Iran deal. Credit: Picture Alliance/ContributorSource: Getty Images
Dangote’s
