Papua New Guinea
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Puma Energy Reinstates Fuel Rationing

Puma Energy has reinstate fuel rationing due to parties involved not complying with directives issued by the National Security Council (NSC) and the National Executive Council (NEC).

Chairman and Managing Director of Puma Energy Papua New Guinea Hulala Tokome said it is important that all parties promptly engage on any issues preventing full compliance with PNG Government directives.

Mr Tokome said BPNG continues to work towards resolving current outstanding matters, while BSP Financial Group (BSP)is urged to provide a clear pathway forward towards full compliance with the NSC and NEC’s directives.

“Puma Energy is not aware of the basis for the restrictions of its financial services.

Without the necessary access to sufficient FX and financial services, Puma Energy remains unable to import product from the international market and must actively manage remaining fuel stocks to extend security of supply for emergency services, hospitals and critical infrastructure.

Our hands are tied and we are growing more concerned with every day that passes. While we have temporarily reinstated supplies as a gesture of good faith, necessary actions have not been taken by other parties. BPNG has continued to positively engage and we understand are taking steps to make additional FX available to address the more than two thirds of outstanding FX orders,” Mr Tokome said.

The Post-Courier Newspaper will check for further updates on this and give update in our Friday’s paper edition.