The prime minister has reassured the people not to worry too much about further issues with fuel after his government acted decisively to fix the fuel crisis experienced over the weekend nationwide.
Prime Minister James Marape said the government acted quickly to stabilise and shield citizens from global fuel prices and the international conflict and instability in the Global Energy Market by introducing major subsidy measures.
This was done to keep fuel prices stable despite soaring global oil price linked to tensions in the middle east.
“The world has doubled up on Fuel Prices globally, but Government is carrying the burden so our ordinary people and businesses are protected,” he said.
The Prime Minister confirmed that Government’s Support measures would continue through June and would be reviewed later in the year depending on Global Fuel Prices and Economic conditions.
“We are willing to sacrifice elsewhere in the National Budget to help our people manage the cost of living,” he stated.
Prime Minister Marape also highlighted other Relief Measures implemented by Government, including Tax exemptions for low-income earners, GST removal from essential household goods, and Stamp Duty exemptions for first-home buyers.
“This Government is deliberately giving back to the people to help them survive both Domestic and Global Inflationary pressures,” he said.
Meanwhile, Prime Minister Marape also apologised to the people for the fuel disruption experienced over the weekend, stating that the government has made the funding support available to enable fuel importers to resume the service to the people.
Marape said all these in press conference at the Melanesian Haus in Port Moresby before departing the country for France on another official overseas trip.
