Oil marketers across Nigeria have maintained relatively high petrol prices despite a sharp decline in global crude oil prices, which have fallen back to levels recorded before the US-Iran conflict.
The disconnect between international crude prices and domestic pump prices has raised concerns among motorists and consumers, who are expecting lower petrol prices as global oil costs ease.
Marketers have pointed to factors affecting the domestic supply chain and distribution of petrol as key considerations in determining pump prices.
The development has renewed debate over fuel pricing in Nigeria and whether declining international crude prices will translate into meaningful relief for consumers at filling stations.
