A meeting held on Sunday between the Federal Government and organised labour on the petrol and electricity tariff hike has been adjourned to April following the inability of both parties to agree on some areas of two reports.
The reports are those from the technical committee on the petrol pump pricing framework and that of the electricity tariff hike.
Sunday’s meeting was supposed to receive the full report of the technical subcommittee on electricity, which was partially ready two weeks ago.
The meeting was also billed to get feedback from organised labour on the petrol pump price committee report, which the workers had sought time to study two weeks ago.
The subcommittee report on electricity tariff did not reduce obviously the charges, both parties however agreed on the document, with labour demanding strict implementation and monitoring
However, unfinished business remains in the report by the technical subcommittee on the petrol pump pricing framework, as Labour insists it will not accept continuous importation of the product as well as the use of foreign inflation rates to determine pump prices in Nigeria.
The meeting which closed in the early hours of Monday resolved to reconvene in April to deliberate further on the position Labour pushes forward.
Meanwhile, organised labour has vowed to resist any form of a technical increase in prices of PMS, while reacting to news making the rounds that the Federal Government may increase pump price by March 1, 2021.