{
  "id": 8885864,
  "title": "Petrol price: Crude oil falls further as Nigerians await pump price reduction",
  "url": "https://urgent.news/2026/09/21/petrol-price-crude-oil-falls-further-as-nigerians-await-pump-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T09:03:01.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/09/21/petrol-price-crude-oil-falls-further-as-nigerians-await-pump-price-reduction/"
  },
  "original_language": "en",
  "account": "On Monday, global crude oil prices took another nosedive, sparking optimism for a possible decrease in Premium Motor Spirit (PMS) pump prices in Nigeria. According to a recent market survey conducted by DAILY POST, both Brent crude and West Texas Intermediate (WTI) crude prices dropped to $101.5 and $98 per barrel, respectively. The declines amounted to 2.29 percent and 2.37 percent, respectively, compared to weekend prices. This development occurred even as conflicts in the Middle East have led to reduced shipping through the Strait of Hormuz. The number of vessels navigating the strategic waterway dwindled to around a dozen, down from approximately 35. Interestingly, while tanker traffic improved in Saudi Arabia, the price of petrol at filling stations in Abuja remained stubbornly high, ranging between N1,395 and N1,450 per litre. Some filling stations had already made slight adjustments to their prices in response to increased competition within the downstream petroleum sector.",
  "summary": "Global crude oil prices fell further on Monday, reigniting hopes for a reduction in Premium Motor Spirit, PMS, pump prices in Nigeria. A market survey by DAILY POST on Monday showed that Brent crude and West Texas Intermediate, WTI, crude fell to $101.5 and $98 per barrel, respectively, at the time of reporting. This means that Brent and WTI […] Petrol price: Crude oil falls further as Nigerians…",
  "key_points": [
    "Global crude oil prices drop to $101.5 and $98 per barrel",
    "Conflicts in Middle East reduce shipping through Strait of Hormuz",
    "Nigerian petrol prices at filling stations stubbornly high"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Crude oil price: MCX futures fall on weak global cues, Brent crude at $102",
        "url": "https://urgent.news/2026/09/21/crude-oil-price-mcx-futures-fall-on-weak-global-cues-brent-crude-at",
        "published": "2026-09-21T10:00:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}