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World oil prices are around $ 60 a barrel, and petrol prices in the domestic market have risen by 105 kyats per liter in 17 days

World oil prices (WTI) were around $ 60 a barrel on February 17, 2021, and petrol prices in the domestic market continued to rise by 105 kyat per liter in 17 days, according to petrol stations in Rangoon. Compared to February 1, 20 and February 17, 2021, the price of petrol has risen by 105 kyats per liter. On February 17, the price of diesel sold at some petrol stations in Rangoon was 800 kyats per liter (3,523 kyats per gallon); Premium diesel 810 kyats per liter (3568 kyats per gallon); Octane 92 Ron 760 kyats per liter (3341 kyats per gallon); Octane 95 Ron is 870 kyats per liter (3841 kyats per gallon). WTI oil prices rose to $ 76 on October 3, 2018, and then fell again to around $ 42 on December 24. On April 23, 2019, it rose to $ 66. It then dropped to $ 51 on June 12, rose above $ 60 on July 10, and dropped to $ 51 on August 7. 

It fell to around $ 53 on Sept. 3 and rose to around $ 62 on Sept. 16 to $ 55 on Nov. 19; On November 29, $ 58; On December 4, $ 56; On January 8, $ 63; On January 15, $ 57; On February 22, $ 53. On March 7, it was $ 41. On March 18, around $ 20.  It fell below zero on April 20 and rebounded to around $ 48 on December 18. In the four months from June to October 2018, when the dollar price and world oil prices were higher, the price of domestic petrol rose by more than 21%. 95 Ron 1115 kyats. Diesel 1095 kyats. Premium diesel up to 1105 kyats. From January to May 2020, due to the fall in global oil prices, the domestic market also fell in price. On May 1, the price of diesel sold at some petrol stations in Rangoon was 435 kyats (1 liter 1977 kyats) per liter; Premium diesel 445 kyats per liter (2022 kyats per gallon); Octane 92 Ron 300 kyats per liter (1363 kyats per gallon) Octane 95 Ron per liter 435 kyats (1977 kyats per gallon). 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 rose 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; From September 11 to November 4, it dropped from 10 to 30 kyats per liter, and from November 11 to 2021. 160 kyats per liter during January 31; From February 1 to February 17, it was 105 kyats per liter. In the domestic market, the retail prices of kerosene on April 1, 2016 were 500 kyats per liter for diesel (2270 kyats per gallon), 540 kyats per liter for premium diesel (2451 kyats per gallon); Octane 92 Ron 550 kyats per liter (2497 kyats per gallon) Octane 95 Ron per liter 650 kyats (2951 kyats per gallon).

Source: Daily Eleven

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