Gasoline price breaks record in Myanmar with over 3,000 Ks. per litre
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NP News - Aug 25
The State Administration Council informed the public that fuel will be imported from Russia in the previous press conference. One week later, Yangon’s petrol price breaks all-time high soaring to 3,135 Ks. per litre.
During the press conference held in Naypyidaw on August 17, the SAC Spokesperson Major General Zaw Min Tun told that Myanmar has bolstered ties with Russia so that the country has nothing to worry about petroleum.
It has been nearly three years that people in Myanmar have been facing dilemmas and difficulties in various sectors associated with economic, social, and political crises since the 2020 Covid-19 pandemic; then, the 2021 political transition.
“Everything will be fine if the petrol price is decreased. Only then, will the commodity prices be decreased. Although the fuel price is soaring, our income doesn’t increase. The money we have earned goes for the fuel price and transportation. It’s really hard for us. Of course, we’re aware of global high prices. But we are wondering if the government makes any plan to convenient for the people with regard to the fuel price. We wish to get Russian oil very sooner,” a person who is doing transportation business said.
Currently, Myanmar imports fuel from Singapore at high prices. Authorities admitted they cannot control the petrol price yet. The country purchases fuel from Singapore for 2 dollars for a litre at present.
Premium diesel price for August 25 in Yangon reaches 3,135 Ks. per litre as per the Petroleum Products Regulatory Department, whereas gasoline prices of 92 Ron is 2,490 and 95 Ron is 2,570 in Yangon. Fuel prices in other cities and towns are higher than in Yangon.
The government has established a committee to purchase Russian oil and distribute it domestically led by Lieutenant General Nyo Saw.