PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
A long-running dispute between Papua New Guinea’s central bank and the country’s dominant fuel importer has seen the latter impose rationing on July 19.
The managing director of Puma Energy, Hulala Tokome, says the company had to limit fuel distribution to preserve supplies for essential services.
Puma has requested $90 million from the central bank for imports, but received only $12.7 million in hard currency by July 14, Tokome told The National newspaper. This would not be sufficient, as the
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