2 Jul 2008

PNG government says it is likely to subsidise cost of fuel to help consumers

10:39 am on 2 July 2008

The Papua New Guinea government says it is likely to subsidise the cost of fuel to help consumers.

The Post Courier reports the Prime Minister saying it was one of two options Government was considering to relieve the pressure on the economy brought about by rising global fuel costs.

Sir Michael Somare said the National Executive Council would decide next week on whether to subsidise the cost of fuel or reduce tax on fuel products.

Some motorists feeling the fuel price pinch have been trying to save petrol by switching off their engines and rolling down hills in neutral.