fuel

The promotion, which runs for 2 months, covers weekly and fortnightly prizes before the major draw of ‘Free Fuel for the Year’ for one lucky winner in each region.

The promotion is only open to cash and EFTPOS customers.

All that a customer has to do is drive into any of the participating outlets, spend K50 on fuel and ask for the receipt. Simply write his/her name at the back of the receipt and drop it into the box provided.

There are two lucky winners for each weekly draw and another two lucky winners for the fortnightly draws.

ICCC Commissioner, Paulus Ain, said in a media conference today that based on its outlook of 2018, retail prices for fuel will be flat or fluctuate and not increase over the coming months.

He made the comments in relation to the price hike experienced across goods and services in the country at the start of January, and rumours that prices would increase throughout the year due to the excise duty.

CEO of the Independent Consumer and Competition Commission Paulus Ain confirmed this.

He said this is due to the increase of fuel price which was released recently due to the new tax for fuel as per the 2018 budget.

“That was a government decision.

“So most likely the cost of doing business in this country will be affected because fuel is the main cost driver.

“So if fuel is driving this cost then we are also expecting food prices on the shelf to also increase.

The Independent Consumer and Competition Commission (ICCC) announced in a statement that ‘Conditional Authorization’ has been granted to the company to supply Jet A-1 (jet fuel).

The authorization protects Puma Energy and the National Airports Corporation (NAC) from any legal actions under the ICCC Act 2002; to lease a piece of land at or near Jacksons International Airport to build an aviation fuel farm facility and provide associated services.

The new prices come off the back of three consecutive months of fuel increases.

The new prices set as of April 8 see’s petrol sitting 311.5 toea per litre (tpl) after a reduction by 13.44 toea from 324.94 tpl; diesel at 255.79 tpl after dropping by 9.46tpl; and and Kerosene at 239.57 tpl following a decrease of 10.59 tpl.

In a statement the Independent Consumer and Competition Commission (ICCC) said the new prices are attributed to the decreases in the ‘Import Parity Prices’ (IPP) due to the decreases in the Mean of Platts Singapore (MOPS) in March.

 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 staff member told LOOP News that they were briefed last week that the company had made a decision to stop supplying petrol over the weekend.

LOOP News tried unsuccessfully to get confirmation from PNG Puma management today.

However a statement on this is expected today ( Monday}.

It is understood Puma has been negotiating with the government over K4 billion in taxes it has been asked to pay for crude oil it imports into the country.