The fuel oil prices show a steady increase recently, and it reaches K2,000 per litre of 92 Octane in Yangon market, according to the market.
The price was below K2,000 per litre of 92 Octane for over two weeks starting early October and the prices were increasing slowly to K2,000 per litre of 92 Octane, K2,090 per litre of 95 Octane, K2,690 per litre of diesel and K2,775 per litre of premium diesel on 29 October.
In August, the fuel prices reached its highest rate at K2,605 per litre of 92 Octane, K2,670 per litre of 95 Octane, K3,245 per litre of diesel and K3,330 per litre of premium diesel in Yangon market. The Supervisory Committee on Oil Import, Storage and Distribution of Fuel Oil stated that domestic fuel prices are increasing as per the higher price index set by Mean of Platts Singapore (MOPS).
Source: The Global New Light of Myanmar