After the end of the meeting between the Federal Government and Organised Labour in Abuja, the Federal government has now decided to reduce the price of petroleum in the country.
The five-hour long meeting agreed that the price of petrol be reduced by N5 while labour also got a commitment from the government that the distribution of free prepaid metre will begin soon across the country.
Organised labour had two weeks walked out of the meeting with the Federal Government on the ground of a new increment in the price of fuel when negotiations were still on course.
The Festus Keyamo-led Committee is to continue its assignment and ensure conclusion in record time.
The price was increased from 147 to 155 some months ago and will now be back to #150.
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