PUMA Energy

The market, located a couple of hundred metres from the main Koki Market and Wanigela Village, was officially launched today by NCD Governor Powes Parkop.

The K10 million market is a public-private partnership between NCDC, National Fisheries Authority, National Forest Products and Puma Energy.

It features ample parking space, a jetty and 90 stalls, toilet facilities, an ice-making machine, four floating pontoons and fuel vending facilities.

The Independent Consumer and Competition Commission (ICCC) is now calling for stakeholders in the aviation and oil sector as well as the public to review the draft determination and comment before December 19^th.

One of the key issues raised in the determination is the Napa Napa Project Agreement between Puma Energy and the State, which the ICCC says has been one of the major areas of competition concerns.

25,189 accidents were recorded between 1992 and 2002 in Papua New Guinea.

The National Road Safety Authority CEO, Nelson Terema, revealed this today during the launching of Puma Energy’s one week road safety campaign, held a few kilometres away from Port Moresby.

Terema said the 10-year statistics was for year ending 2002, and expects an increase in the last four years.

He added that motor vehicle injuries total 2,189, from 25,189 accidents recorded.

 Also customers will see a 10 toea per litre discount when refilling as a sign of thank you to its customers.   

It will be a breath of relief for vehicle owners in the capital city who in the last three weeks have had to join long queues to get their vehicle petrol tanks filled, because only Mobil fuel stations were selling petrol.

A spokesman said that the government was talking with other fuel suppliers in an effort to fill the current gap while talks continue with the major supply from, Puma Energy.

He asked the people to bear with the short term situation as the matter was resolved in “the interests of the people of the nation’’.

Supplies to most parts of the capital city dried up today, with only limited stocks of fuel being sold by Mobil at Waigani and Port Moresby. Puma told the Loop PNG that it was a result of the inability to exchange large amounts of kina for US dollars.

The company has been for some time using its own resources to purchase fuel from the international market  because of difficulties it is facing with the Central Bank and other financial institutions in converting kina to US dollars.

“We have been discussing this issue with the government for more than a year without resolution, and the situation has now become unsustainable,” Puma says in a statement.

 In consequence Puma Energy has provided notice to the government and to its valued customers of the new arrangement to purchase in US dollars.