Mawlamyine, April (5)

Fuel prices have risen in recent days as a result of the junta’s restrictions, and they are expected to go up again during Thingyan, according to fuel suppliers who spoke to Than Lwin Times.

From April 1 to 4, the price of 95 gasoline rose from around 2,240 Kyats to 2,400 Kyats per liter, that of 92 from around 2,150 Kyats to nearly 2,300 Kyats, and that of premium diesel from around 2,200 Kyats to 2,300 Kyats, all of which increased by more than 150 Kyats per liter.

Because the military council does not sell as much fuel as the customers need, there is a shortage of fuel in the market, and the imbalance between the amount given and the amount of consumption through the quota system is detrimental over time, said a businessman.

The fuel suppliers said the Thingyan holiday is long and there may be many trips, and if the military council does not sell as much fuel to consumers as they require, there will be a fuel shortage in the market and its price may keep rising.

The Vice Senior General, Soe Win, said that due to rising global fuel prices, the use of imported fuel must be reduced as much as possible in order to reduce the use of foreign currency and avoid high spending.

Fuel prices in Myanmar were only around 600 kyats per liter under the NLD administration, but since the military coup, the price has more than quadrupled, with price volatility occurring almost daily.

News-Than Lwin Times


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