Nambawan Super Limited (NSL), the corporate trustee of Papua New Guinea’s largest superfund, today issued a statement reassuring its 245,504 members and the general public, while highlighting the broader economic implications of rising fuel costs on households and businesses across the country.
The Independent Consumer and Competition Commission (ICCC) has confirmed that, effective 8 April 2026, retail prices for petrol, diesel and kerosene will see a significant increase.
In Port Moresby, petrol has risen to K6.10 per litre and diesel has risen to K7.69, reflecting global oil price pressures and international supply chain disruptions.
Addressing the situation, Nambawan Super Limited Chief Executive Officer Lachlan Baird noted that fuel price increases have a wide-reaching impact on the Papua New Guinean economy, driving up transportation, food and operational costs, which ultimately affect household spending and savings capacity.
“While these developments present short-term challenges, the Fund remains focused on safeguarding and growing members’ long-term retirement savings," Baird said.
“We recognise that the current spike in fuel prices is placing strain on household budgets across the country. These increases reflect current geopolitical complexities in the Middle East and associated disruptions to critical international shipping routes. While these global events create short-term volatility, Nambawan Super is built to withstand such cycles through a highly diversified investment portfolio," he added.
The executive also said such external shocks are part of broader economic cycles and reinforce the importance of long-term financial planning and disciplined investment strategies.
“The history of the Fund shows that we have successfully navigated numerous global crises, most recently the COVID-19 pandemic and subsequent economic shocks. While such events create significant short-term noise, their long-term impact on overall investment returns is typically limited. Our focus remains on the horizon, not just the next few months," he said.
Nambawan Super recently delivered a strong 12% interest crediting rate for the 2025 financial year, growing the Fund’s value to K13 billion. This performance was driven by disciplined management of both local and international assets.
“Members can be confident that their savings are being prudently managed by experienced investment experts who prioritise capital protection and sustainable growth," Baird said. “While annual returns may fluctuate due to external market conditions, NSL is well positioned to keep members’ savings secure. Our strategic asset allocation acts as a critical buffer against domestic and global volatility.”
Nambawan Super Limited remains committed to protecting and growing members’ retirement wealth.
