Marketers of petroleum products have expressed anticipation of a possible crash in the prices of Premium Motor Spirit (petrol) following the drop in crude oil prices. The Petroleum Products Retail Outlet Owners Association of Nigeria said there could be a new price regime from today (Monday) based on the reduction in the cost of crude oil. The PUNCH reports that the Dangote Petroleum Refinery, the Nigerian National Petroleum Company Limited and other fuel marketers have kept petrol prices above N900 per litre despite the decline in the price of crude oil. It was observed over the weekend that petrol price remained at the range it was raised to when crude prices rose close to $80/barrel recently, when the conflict between Israel and Iran escalated. Dangote, NNPC and other major fuel distributors in Nigeria hiked petrol prices less than two weeks ago, blaming this on the rise in crude oil prices on the international market. The pump prices of petrol hovered between N915 and N955 at the pumps, depending on the location. It was below N900 before the sudden hike.