Nigerian fuel retailers anticipate a potential reduction in petrol prices to ₦900 per litre, contingent on a sustained peace agreement between the United States and Iran. Industry operators cite a likely decrease in crude oil prices as the primary driver for this potential price adjustment. The current petrol price in Nigeria is significantly higher, making this a potentially welcome development for consumers. The anticipated price drop is directly linked to expectations of increased crude oil supply should tensions between the US and Iran ease. However, the realization of this lower price remains dependent on the durability of the truce and continued downward pressure on global oil markets. Experts are closely monitoring the geopolitical situation and its impact on crude oil costs. Further details can be found in a report by PunchNG.