Global crude oil prices have surged toward the $100-per-barrel threshold, sparking concerns over further hikes in domestic fuel pump prices. Brent crude rose to $98.05, while West Texas Intermediate climbed to $94.39, forcing suppliers to consider upward adjustments to reflect higher replacement costs. Industry insiders suggest that while the Dangote Refinery is under pressure to raise its gantry prices, it remains cautious of the impact on already-strained consumer purchasing power. Meanwhile, depot prices for petrol and diesel remain elevated across major hubs in Lagos, Warri, and Port Harcourt.