Puma Energy Ltd

Bugandi retail site reopened

This achievement marks the third refurbished Puma retail site in Lae City this year, following the Eriku and Coronation service stations.

The Bugandi Retail site's transformation underscores Puma Energy's unwavering dedication to bringing world-class retail standards to Papua New Guinea.

General Manager of Puma Energy Papua New Guinea, Daniel Duffau, expressed their commitment to delivering high-quality products and services to their valued customers, emphasizing the importance of safety at all their sites.

Pundari’s queries delayed impact projects

The Prime Minister only makes statements upon credible advise from state agencies and they are expected to deliver on these announcements.

An irate Kompiam Ambum MP said, “Our business, especially SMEs are suffering, health facilities are running short of essential medical supplies, schools are operating without adequate government support and their operations are impacted as a consequence, shortage of Forex impacting businesses, inflation hitting hard on families, unemployment on the rise and others.”

“Put the nation and people first”

DPM Rosso said the National Government after directions from Prime Minister James Marape, have ensured an understanding with Puma Energy to recommence fuel supply which includes fuel to the aviation industry, whilst further serious dialogue continues to find a long-lasting solution to the issue.

DPM Rosso said Puma Energy has agreed to make amendments to administrative procedures to meet all of Bank of PNG’s requirements.

He reiterated that Government respects the independence and integrity of all government agencies and financial institutions plus Puma Energy.

PX cancels flights over fuel restrictions

This unfortunate decision has been necessitated by the recent imposition of jet fuel restrictions by Puma Energy Ltd.

Air Niugini stated in a media release today, “Our primary concern remains the safety and well-being of our customers and crew, and the decision to cancel flights has been taken to ensure that safety standards are upheld considering the fuel supply constraints.”

The airline is actively engaging in discussions with Puma Energy and relevant stakeholders to urgently address the fuel supply issues and find a swift resolution.

Taskforce to probe Puma, BPNG issue

In a media statement issued yesterday, Monday 24 July, Prime Minister James Marape said in the interest of national security, the National Security Advisory Committee (NSAC) convened on Friday, July 21, 2023, and recommended the following to the National Security Council (NSC) and National Executive Council  (NEC):

1. Minister for Petroleum and Energy Hon. Kerenga Kua will utilise his powers to compel both Puma and BPNG to ensure fuel supply.

Bakani clarifies BPNG, Puma saga

“So Puma needs USD to buy Kutubu crude and that's exerting pressure on PNG banks and BPNG to supply USD to Puma.”

Mr Bakani was responding to this newsroom for clarification on the recent fuel saga between Puma and Bank of PNG which affected the supply of JET A1 fuel to airplanes and a cancellation of flights.

Bakani told this newsroom that there is no agreement between Puma and supplier of Kutubu crude oil for purchases in Kina by Puma.

He stressed that this is one major area that needs to be reviewed for Puma to purchase Kutubu crude oil in Kina.