PNG central bank dispute leads to fuel rationing

Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings

PNG notes and coins
Papua New Guinean notes and coins
Bin im Garten

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.