InterOil sucking blood out of economy

I AM disgusted with the recent increase in the price of fuel.
My partners and I are running a PMV operation along the Okuk Highway and we are now looking at a very high cost of operation.
Similarly, basic goods and services are going to rise as a result of the increase.
InterOil is literally sucking the blood out of PNG’s growing economy.
The country depends on fuel to develop and generate growth, transport goods and people, conduct our daily activities, etc.
The fuel price increase has made a mockery of the Somare-led Government’s economic growth policy.
InterOil is an international company and in my opinion, it has taken advantage of its knowledge to enter into a 30-year monopoly agreement.
By the same token, how could the Government be so stupid as to allow this to happen? Government advisers should have had the foresight to predict this situation or are they part of the greater conspiracy?
I see no reason why InterOil should be “feeling the pinch” as it is enjoying total monopoly.

Wayne Powae
via email

 

 
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