At a meeting attended by President Goodluck Jonathan, organized labor, the leadership of the Senate and the representatives of state governors, labor was given two options for the reinstatement of the N65.
The first option is temporarily bringing price back to N65 if labor agrees that the subsidy will be completely removed starting April first.
The second option is to allow the N65 selling price of petrol until March before withdrawing 80% of the subsidy, which would bring the price to N120 if the current price regime remains in force.
So far, the labor force has not agreed to either of the options, insisting that strike must continue. All the parties would however meet again on Saturday when labour is expected to make up its mind on the options put before it.
Meanwhile, the labour movement and its civil society allies continued their mass protests across the federation to mark the fourth day of the strike which has grounded commercial and social activities.