Papua New Guinea
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Lelang: More efforts needed to deal with fuel shortage

POST-COURIER ONLINE

Opposition leader Joseph Lelang has urged the Government to attend to the country’s Foreign Exchange and fuel shortage as a matter of urgency.

Mr Lelang said although he was happy that the government had intervened to address fuel shortages faced by Puma Energy but it is unfair on others that also face the same issue.

He said it was sad to see that when Puma complains, politicians jump up and give directions to Bank of PNG to provide foreign exchange.

“What about the many other companies out there who are also facing problems and who have been waiting patiently in line for the last few months or so?

The system must be seen to work under current banking regulatory environment. There be no short-cuts,” He said.

Mr Lelang said Puma’s issue was not a new one and the recent complaints by Puma not only reflected Puma’s inability to secure foreign exchange to import fuel but that it underscores a much bigger problem.

He said this reflected Puma Management’s inability to manage their company operations within the current economic environment.

“I am encouraging the Puma Management to stop whining and integrate or factor the foreign exchange shortage into their operational plans and decisions. This should include re-assesing the Napanapa Oil refinery offshore Port Moresby to consider the possibility of putting that into production of domestic fuel products and including addressing its liabilities and other legacy issues,” Mr Lelang added.