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Over the past seven months, domestic petrol prices have risen by 70 percent to 80 percent depending on the type, and to 1,160 kyats per liter for 95 Octane

Over the past seven months, local petrol prices have risen by 70 to 80 per cent, depending on the type, and to 1,160 kyat per 95 octon per liter, according to local petrol stations. On September 9, domestic prices of octane 95 Ron were 1,160 kyats per liter; Octane 92 Ron 1140 kyats per liter; 1115 kyats for a liter of diesel; Premium diesel costs 1,110 kyats per liter, according to local petrol stations. On February 2, the local price of petrol was 750 kyats per liter and 750 kyats per liter. Octane 92Ron 625 kyats per liter; Premium diesel 670 kyats per liter.

Diesel costs only 660 kyats per liter, according to figures released by the Myanmar Petroleum Importers and Distributors Association (MPTA). For more than seven months, octane 95Ron 410 kyats per liter; Octane 92Ron 515 kyats per liter; Premium diesel 445 kyats per liter; Diesel prices have risen to 450 kyats per liter. Octane 92 Ron about 80%; Premium diesel and diesel rose by about 70 percent per liter, respectively. 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 were just $ 1.2 billion from 2.7 million tonnes, 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 1,002 million tonnes, down $ 663.347 million from a year earlier. During that period, 1.66 million tonnes of diesel was imported, 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.

Source: Daily Eleven

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