The meeting convened by the Federal Government, involving the Nigerian Association of Road Transport Owners (NARTO) and other stakeholders, concluded on Monday without reaching an agreement.
The meeting was called in response to the suspension of operations by tanker drivers, who ceased lifting petroleum products on Monday due to harsh economic conditions.
Minister of State for Petroleum, Heineken Lokpobiri, stated that while the engagement would continue on Tuesday, the government is determined not to stand idly by and allow Nigerians to endure further hardship.
He emphasised that the administration led by President Tinubu is actively working to address the current economic challenges in the country.
There are indications that NARTO leadership and other stakeholders in the oil and gas sector will meet with the National Security Adviser, Nuhu Ribadu, later on Monday night to prevent an imminent fuel scarcity.
NARTO members had threatened nationwide shutdowns beginning Monday due to the high cost of Automotive Gas Oil (diesel), which is used to fuel their trucks for transporting petroleum products across Nigeria.
Similar to Premium Motor Spirit (petrol), which now sells for over N600 per litre, the price of diesel has also risen sharply recently, primarily due to the forex crisis in the country.
Currently, diesel is selling for above N1,250 per litre in Nigeria.
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