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Domestic fuel prices are rising by more than 1,120 kyats per liter for 95 Ron Octane

Domestic petrol prices are rising by more than 1,120 kyats per liter, according to local petrol stations. On August 17, domestic prices of octane 95 Ron were 1,125 kyats per liter; Octane 92 Ron 1101 kyats per liter. 1050 kyats for a liter of diesel; The price of a liter of premium diesel is 1055 kyats, according to local petrol stations. On February 3, the price of diesel was 660 kyats per liter. Premium diesel 670 kyats. Octane 92 Ron 620 kyats per liter; Octane 95 Ron is only 750 kyats per liter, according to figures released by the Myanmar Petroleum Importers and Distributors Association (MPTA).

Myanmar imports around six million tonnes of kerosene a year, according to the Ministry of Commerce. In the first seven months of the current fiscal year, imports of 2.7 million tonnes of kerosene were valued at $ 1.2 billion, down more than one million tonnes from the same period last year, according to an official from the Ministry of Commerce. In the first seven months of the current fiscal year, imports of kerosene fell by 1.02 million tonnes, down $ 663.347 million from a year earlier.

During the period, 1.66 million tonnes of diesel was valued at $ 721.173 million. It was down more than 650,000 tonnes, down more than $ 430 million from the same period last year. More than one million tonnes of oil was imported, valued at $ 536.113 million. It was down more than 350,000 tonnes from the same period last year, valued at $ 227.187 million. From November 6 to 19, 2019, the price of domestic kerosene fluctuated from 10 to 35 kyats per liter from the end of 2019 until now. From November 21 to 29, it rose from 25 kyats to 35 kyats per liter, and from November 29 to December 9, it dropped to 25 kyats per liter. 

From December 13 to January 9, 2020, it increased from 20 to 30 kyats per liter, and from January 8 to May 1, it dropped from 550 kyats to 605 kyats per liter. From May 6 to August 14, it rose from 155 kyats to 240 kyats per liter, fell from 15 kyats per liter between August 14 and 18, and rose again by 10 kyats per liter on August 27. From September 8 to 10, 20 kyats per liter; Between September 11 and November 4, it dropped from 10 to 30 kyats per liter, and from November 11 to 2021. 160 kyats per liter between January 31; From February 1 to February 24, the price rose by 130 kyats per liter.

Source: Daily Eleven