Crude Falls, Pump Stays High: Nigerians Still Pay ₦1,300+ for Petrol Despite Global Price Drop
Despite a significant drop in global crude oil prices from $130 to $100 per barrel, petrol prices across Nigeria remain stubbornly high. Investigations reveal that oil marketers are still selling Premium Motor Spirit (PMS) at ₦1,300 per litre and above, leaving consumers wondering why relief hasn’t reached the pump. What’s Driving the Global Price Decline?…