The Nigerian House of Representatives has resolved to constitute an adhoc committee to interface with the labour unions as well as the Civil Society Organizations ,CSOs and report within five days.
The lawmakers also advised that Labour Unions should halt their planned Nationwide strike, pending when the Committee submits its report.
The resolutions followed the drilling of the Minister of State for Petroleum, Dr Ibe Kachikwu, by the House, on the recent deregulation of the Petroleum Downstream Sector which increased the pump price to N145 litre.
The labour unions and the civil societies organizations have threatened to go on a nationwide industrial action should government refused to reverse the increment.
But the government has insisted that the deregulation is long overdue and it remains the only option available to the nation in the face of dwindling oil revenue and global economic recession affecting oil producing countries.
It maintains that the deregulation will take away the long queues for good, makes the product available, discourages smuggling of the imported product and create employment for the teeming unemployed.
The nation anxiously awaits the outcome of government and the Organised Labour which is expected to avert the looming industrial action bill to commence on Wednesday.