Following a crucial meeting in Abuja with government officials and industry stakeholders, the Nigerian Association of Road Transport Owners (NARTO) has called off its strike action and instructed members to resume petroleum product transportation immediately.This decision comes after NARTO members, frustrated by the skyrocketing cost of diesel (crucial fuel for their trucks), suspended operations nationwide earlier this week. The association cited the ongoing foreign exchange crisis in the country as the primary reason for the cost increase, with diesel prices exceeding N1,250 per liter.The meeting, attended by NARTO leadership, oil marketers, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), served as a platform to address NARTO’s concerns and find a path forward. While the specific details of any agreements reached remain undisclosed, the resumption of fuel loading activities suggests a positive outcome.This development promises to alleviate potential fuel shortages and disruptions caused by the strike, bringing some relief to consumers already facing economic challenges.
