The meeting had in attendance the Leadership of the Senate, House of Representatives, Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN).
The meeting reviewed:
1. The current fuel scarcity and supply difficulties in the country.
2. The exorbitant prices being paid by Nigerians for the product. These prices range on the average from N150 to N250 per litre currently.
3. The meeting also noted that the main reason for the current problem is the inability of importers of petroleum products to source foreign exchange at the official rate due to the massive decline of foreign exchange earnings of the federal government. As a result, private marketers have been unable to meet their approximate 50% portion of total national supply of PMS.
