Urgent intervention needed to control soaring fuel prices

 THE headline “Fuel prices on the rise” in The National (May 8) is not a surprise. 

It will continue to rise. 

Why? 

Simply because the company responsible for the distribution of fuel in PNG is a monopoly.

Other reasons seem trivial at this time. 

The government, under which agreements on this monopoly were signed, must be held fully accountable for what is happening right now. 

On the other hand, the government has no other choice but must make it its business, with some urgency, to review the agreement that has given Inter-Oil the only entity to distribute fuel in this country. 

Whoever the minister or the state representatives at that time responsible for this must bow their heads in shame for allowing this situation to happen. 

Look at the mobile phone industry to see what I mean. 

Competition is healthy for any economy. 

So, some serious thinking and consideration to change for the better in the fuel industry is well overdue. 

Something must be done quickly. 

S Sisiwan

Waigani