US-IRAN TRUCE COULD SLASH PETROL PRICE TO ₦900 – OIL MARKETERS

The price of Premium Motor Spirit (petrol) may drop to as low as N900 per litre in the coming days if the proposed peace deal between the United States and Iran materialises and crude oil prices continue their downward trend, industry operators have stated. With crude prices continuing to fall in recent days, speculation has intensified that the Dangote Petroleum Refinery may consider another reduction in petrol prices to reflect current market realities.