In Nigeria, petrol prices have surged to N937 per litre, a significant increase fueled by rising tensions in the Middle East that have pushed global oil prices up to $84 per barrel. This spike has prompted oil marketers and refinery operators to appeal to the Federal Government for more crude oil in naira for the Dangote Petroleum Refinery, which has recently raised its gantry price from N774 to N874 per litre. The increase in prices was attributed to changes in global crude fundamentals and rising replacement costs, according to refinery officials. The adjustment in prices has been felt at filling stations across the country, with reports confirming pump prices hitting N937 in certain locations, including an MRS filling station in Obalende, Lagos. This swift increase in local fuel prices has raised concerns among consumers and businesses, as the cost of living is also rising amidst deeper economic challenges in Nigeria. As the situation develops, the government's response will be crucial in determining whether fuel prices can be stabilized in the coming weeks. The emphasis on naira-based crude supply highlights the need for a more localized approach to address these volatile pricing issues. Continued dialogue between the government and refinery operators will be essential to alleviate potential economic strain on consumers and businesses alike.