Fuel oil prices in Myanmar slightly declined this week ending 10 July. Octane 92 is priced at K3,015 per litre, down from K3,140 the previous week, while Octane 95 fell to K3,075 from K3,210. Diesel dropped to K2,635 and premium diesel to K3,265, showing a K95–K135 decrease.
Prices are based on the Mean of Platts Singapore (MOPS) index, with 90% of fuel imported. The Petroleum Products Regulatory Department sets daily reference prices and monitors retailers. Overcharging fuel stations will face consequences under the 2017 Petroleum Law. While some countries impose higher taxes, Malaysia’s subsidized fuel remains about 60% cheaper. Authorities aim to maintain fair prices amid global market changes.
Source: The Global New Light of Myanmar