ABUJA—A possible end to the ongoing nationwide strike action was in the offing last night after the Federal Government agreed to temporarily revert to the pre-New Year price of N65 per litre of petrol.
At a marathon meeting attended by President Goodluck Jonathan, organised labour, the leadership of the Senate andthe representatives of state governors, labour was giventwo options for the reinstatement of the N65 per litre price of petrol. The first option is to revert to the pre-New Year price on the condition that the subsidy regime would be completely removed in April.
The second option is to allow the N65 selling price of petrol and withdraw 80% of the subsidy in March, meaning that petrol would sell for N120 if the current price regime remains in force.
At the end of the meeting last night, labour said although compromise was being made, It has not reached an agreement and that strike continues today.
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At a marathon meeting attended by President Goodluck Jonathan, organised labour, the leadership of the Senate andthe representatives of state governors, labour was giventwo options for the reinstatement of the N65 per litre price of petrol. The first option is to revert to the pre-New Year price on the condition that the subsidy regime would be completely removed in April.
The second option is to allow the N65 selling price of petrol and withdraw 80% of the subsidy in March, meaning that petrol would sell for N120 if the current price regime remains in force.
At the end of the meeting last night, labour said although compromise was being made, It has not reached an agreement and that strike continues today.
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