Oil marketers in Nigeria are preparing to increase pump prices for petroleum products following a surge in international crude oil prices. Yesterday, crude benchmarks exceeded $100 per barrel, directly increasing the cost of crude for importers. This price increase is expected to translate into higher prices at fuel stations across Nigeria. The situation arises in the wake of the M-East crisis, exacerbating existing economic pressures. This development could potentially impact transportation costs and the wider economy within Nigeria. The price adjustments are a response to the rising cost of importing petroleum products into the country. Further increases could be anticipated depending on the duration and severity of the international crude oil price surge.