Nigerians are potentially facing new increases in fuel pump prices as global crude oil prices have recently surged due to heightened tensions in the US-Iran conflict. On the previous day, global crude oil prices rose to $126.41 per barrel, marking a significant increase from $115 per barrel, and reaching their highest level since March 9, 2022. This uptick in oil prices has raised concerns among consumers and industry stakeholders regarding the implications for local fuel costs.
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