Puma Energy has not received any FX sufficient to purchase products which is restricting them to have the ability to import fuel into the country. Puma is not able to repay suppliers for fuel purchased on international markets over the past six weeks as it continues to urge commercial banks and the Bank of PNG (BPNG) to allocate foreign exchange. Puma Energy currently has nearly USD 70 million of outstanding FX orders with the Bank of Papua New Guinea, which has limited the company’s ability to sustainably manage long term fuel requirements. BPNG has not released sufficient USD to Puma Energy for its outstanding orders from October and commercial banks have not allocated available commercial FX flows to Puma. Hulala Tokome, Chairman and Managing Director of Puma Energy Papua New Guinea said ensuring fuel supply is vital to PNG. “We continue to urge the BPNG and banks to work together and allocate FX flows to fulfil Puma Energy’s orders." "We are working hard to ensure there is no impact of fuel supply this month and avoid the possibility of fuel rationing to preserve stocks for emergency services, hospitals and critical infrastructure, such as power generation.”