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Nigeria is anticipating lower petrol prices as global crude oil rates decline amid US-Iran agreement talksDangote Refinery may adjust fuel prices if international trends continue, impacting the local downstream marketMarketers delay purchases, expecting significant price reductions for consumers struggling with high transport and living costs
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Fresh hopes of lower petrol and diesel prices are rising across Nigeria as expectations of a possible United States-Iran agreement continue to push global crude oil prices downward.
Industry sources have revealed that Dangote Petroleum Refinery may soon review its ex-gantry fuel prices if the decline in international oil prices continues in the coming days.
Nigerians expect cheaper petrol prices from Dangote Refinery as crude crashes to a three-month low. Credit: Bloomberg/ContributorSource: Facebook
The development has already triggered anxiety and anticipation in the downstream market, with many marketers reportedly delaying fresh
