In the first eight months of the current fiscal year, imports of petrol were nearly 3 million tonnes, down from nearly 1.3 million tonnes in the same period last year, according to the Ministry of Commerce. In the eight months from October 1 to May 28 of the 2020-2021 fiscal year, the country imported 2.987 million tonnes of kerosene worth $ 1.407 billion, according to an official from the Ministry of Commerce. In the same period last year, 4.284 million tonnes of motor oil was imported, valued at $ 2.045 billion. In the first eight months of the current fiscal year, imports of kerosene fell by 1.296 million tonnes, valued at more than $ 638 million, compared to the same period last year.
Imports of 1.796 million tonnes of diesel were valued at $ 792.019 million during the same period, down more than 888,000 tonnes and $ 450 million from the same period last year, according to the Ministry of Commerce. Imports of 1.191 million tonnes of petrol were valued at $ 615.380 million, down more than 400,000 tonnes and $ 188 million from the same period last year. According to a statement from the Ministry of Commerce, Myanmar imports around six million tonnes of kerosene a year. Imports of kerosene fell by about $ 500 million in the 2019-2020 fiscal year due to falling oil prices, but by more than 700,000 tonnes more than the previous year.
In the last fiscal year 2019-2020, imports of more than six million tonnes of kerosene were valued at $ 2.666 billion. In the 2018-2019 fiscal year, imports of more than 5.3 million tonnes of kerosene were valued at $ 3.165 billion. On June 14, domestic petrol prices were 995 kyats per liter for diesel; Premium diesel costs 1,005 kyats per liter and petrol (RON 92) costs 995 kyats per liter. Gasoline (RON 95) costs 1,080 kyats per liter, 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). According to the above prices, domestic gasoline prices have risen by 30 to 40 percent per liter over the past four months, depending on the type of fuel.
Source: Daily Eleven