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Members of the union Unite are due to vote on whether to accept proposals aimed at stopping a strike by fuel tanker drivers. They were drawn up during six days of negotiations at the conciliation service Acas.
The talks ended last Friday but neither the employers nor the Unite union have released any details of the discussions before today's meeting.
Unite have said they are satisfied that they have a set a proposals to bring to their members.
The 'deal' does not mean that the threat of strike action has been lifted; the terms of the confidential proposal still need to be accepted by the tanker drivers.
An Energy and Climate Change Department spokesman said:
Acas chief conciliator Peter Harwood announced that an agreement for a set of proposals to avert a strike by fuel tanker drivers has been reached.
Acas Chief Conciliator Peter Harwood said a proposal for a deal has been reached between Unite the union and representatives from fuel companies.
The contents of the final set of proposals agreed between Acas, Unite the union and representatives from fuel companies will remain confidential.
Unite has said the document will go to the union representatives and their delegates for discussion.
Unite the union says: "Now we're in a position where we have a document which we can take back to our delegates and reps to discuss."
Unite the union have reached a possible deal with six fuel companies in talks over pay and conditions.
2,000 members voted to strike earlier in the month, which would have caused havoc for motorists across the country.
Latest ITV News reports
Proposals aimed at resolving the fuel tanker drivers dispute were drawn up tonight, raising hopes that strikes can be averted.
The deadline extension suggests talks are going well, but the deadline of next Friday to reach a deal is still very tight.