PUMA Energy in Papua New Guinea says it is unable to maintain the supply of fuel products to its customers because of the lack of foreign currency (FX) in the country, says country manager Hulala Tokome. Tokome told the local newspaper The National that Puma had been working with various stakeholders for months to ensure a sustainable flow of FX currency. “We are working with the Government and BPNG (Bank of Papua New Guinea) to have this resolved today (yesterday),” Tokome said. “For months, we have been working and continue to work with various stakeholders to ensure sustainability flows of foreign currency, which is critical in buying fuel on the international market.
“Unfortunately, due to the limited availability of foreign currency in the commercial market, we are unable to continue maintaining the necessary supply of products to our customers. “We will continue to work with the relevant authorities to ensure security of supply for PNG.” On whether Puma will cease the supply, Tokome said: “We are working with authorities to ensure this doesn’t happen.” Attempts to get comments from BPNG were unsuccessful. Last month, the aviation industry was temporarily affected by the fuel supply, with Air Niugini cancelling domestic flights. Air Niugini said Puma had stopped the supply of Jet A1 fuel to the airline. It was forced to cancel all domestic flights on the afternoon of Dec 1. The airline resumed normal operations after Puma restored the supply of fuel. The National / PNG Business News Next : Digicel Remains For Now: PNG Nicta Comments are closed.
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