ARTICLE AD BOX
President Bola Ahmed Tinubu's administration has remained silent in response to calls for a corresponding drop in fuel prices, even as crude oil prices fall.
Daily Post reports that West Texas Intermediate and Brent crude have fallen to $69 and $71 per barrel, respectively, from peaks near $100, following easing tensions in the Middle East.
Crude prices had remained near these levels before February 28, 2026, when tensions between Iran, the United States, and Israel escalated, affecting global markets.
Global economies suffered as energy prices surged, but with the decline in crude prices, consumers anticipate a matching reduction in energy costs.
In response, U.S. President Donald Trump used his Truth Social account within three days to criticize oil companies for not lowering fuel prices and to call for an investigation.
In Nigeria, the Middle East crisis caused fuel prices and other petroleum products to nearly double.
Before February 28, petrol prices ranged between N800 and N900 per liter but climbed to as high as N1,400 per liter before stabilizing at between N1,241 and N1,305 per liter in Abuja and surrounding areas.
Dangote Refinery announced two reductions in its gantry petrol price over the past two weeks, bringing it to N1,125 per liter.
Initially, the refinery reduced its petrol price by N75 per liter, from N1,250 to N1,175, prompting a nationwide decline in pump prices almost a week later. Just a day ago, the refinery announced an additional N50 per liter reduction, lowering its gantry petrol price to N1,125.
Nigerians, however

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