After over six hours negotiation, the Federal Government and Labour on Thursday night suspended the one-week strike by the National Union of Petroleum and Natural Gas Workers in Abuja.
The union subsequently directed tanker drivers to resume lifting and suspend the planned nationwide strike.
After the meeting which commenced at about 2pm and ended at exactly 9.30pm, a communique suspending the strike was read by the Minister of Labour and Productivity, Chief Emeka Wogu.
The communique was signed by the Acting President of the Nigeria Labour Congress, Mr. Promise Adewusi; NUPENG President, Mr. Achese Igwe; Oando representative, Awobokun Abayomi; Executive Secretary of Petroleum Products Pricing Regulatory Agency, Reginald Stanley; National Secretary of Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi; and a representative of DAPPMA, Uche Ogah.
Others are Executive Secretary of JEPTFON, Enock Kanawa; Group Managing Director of the NNPC, Andrew Yakubu; Minister of State for Finance, Dr. Yerima Ngama; Wogu and the Secretary to the Government of the Federatiion, Pius Anyim.
The communique said the meeting between government, NUPENG, NLC, depot owners and oil marketers was fruitful, adding that the government and the unions agreed to work together towards finding a solution to all the issues in dispute.
They also agreed that those accused of fuel subsidy fraud should submit themselves to the ongoing verification exercise, while the meeting confirmed that the Federal Government had been paying all verified claims and would continue to pay all claims so verified.
Also, the meeting set up two sub-committees to look into issues concerning unfair labour practices in Shell Petroleum and of penalty clauses in the PPPRA rules.
The FG also agreed to provide a platform for government, Labour and stakeholders to discuss efforts being made in the provision of infrastructure and rehabilitation of the refineries with a view to finding a way forward. It also agreed on a continuous engagement between government and the unions.