CNA Explains: Crude oil prices have fallen. Will petrol prices follow?

Crude oil prices are falling, but consumers at the pump shouldn't expect that relief to arrive anytime soon. According to Channel NewsAsia, there's typically a lag between wholesale oil price swings and what you pay for petrol. Beyond that timing gap, analysts say motorists shouldn't count on a return to pre-conflict price levels—structural factors in energy markets will likely keep prices elevated well into the future, regardless of what happens to crude itself.

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