The negotiations between the Federal Government and organized labor regarding the elimination of fuel subsidy came to an impasse on Wednesday. The parties were unable to reach a mutual agreement following the significant increase in petrol pump prices by oil marketers, with prices rising to over N700 per litre from the previous rate of N195.
The meeting, which lasted for several hours at the Presidential Villa, aimed to avert a potential labor crisis resulting from the recent surge in petrol prices due to the discontinuation of petroleum subsidy.
read more; https://punchng.com/fg-labour-meeting-deadlocked-as-fuel-price-hits-over-n700-litre/
The Punch