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Nigeria is seeing petrol price cuts due to falling global crude oil prices and Dangote Refinery’s major price reductionBrent crude prices drop to $82.68 per barrel, signalling optimism for cheaper fuel aheadExperts predict further petrol price reductions as competition rises and cheaper crude enters the supply chain
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s petrol market is witnessing a fresh wave of price reductions following the sharp decline in global crude oil prices and a major price cut by Dangote Refinery, raising hopes of cheaper fuel across the country.
The downturn in international oil prices has triggered adjustments at several fuel depots, with operators releasing new ex-depot prices amid growing optimism that petrol prices could ease further in the coming weeks.
Depot owners release fresh petrol prices as crude oil falls, Dangote Refinery announce new rates. Credit: Picture Alliance/ContributorSource: Getty Images
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